Best Savings Mortgage And Loan Deals 05 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 05/08/2021

Every week we highlight some of the best personal finance deals currently available. These deals are selected based on their competitive rates and features that benefit consumers. We’ll include a selection of market leaders as well as new products entering the market.

This is only a selection of the financial products available, those looking for a new savings, mortgage, loan or credit card deal should use our charts to compare the best deals.

Best savings deal this week

Hampshire Trust Bank – 95 Day Notice (Issue 11)

A notice account can be a good option for savers who do not need instant access to their money, as these accounts often pay higher rates than easy access savings accounts but in return, savers must give a notice period before accessing their savings. Although this notice account from Hampshire Trust Bank offers the second-best rate in the chart, it requires just a £1 minimum deposit to open, whereas the top rate requires savers to deposit a minimum of £10,000 to open the account.

Key details

  • Rate: 0.85% AER
  • Notice/term: 95 days
  • Minimum opening amount: £1
  • Further additions: Permitted via a nominated account
  • Withdrawal: Permitted via a nominated account subject to 95 days’ notice period
  • Opening account: Online
  • Managing account: Online, by post and by phone

Find out more about this notice account.

Best mortgage deal this week

Barclays Mortgage – Two year fixed deal at a 75% LTV

Borrowers who have 25% equity in their home or as a deposit will find the best two year fixed deal at a 75% loan-to-value (LTV) currently comes from Barclays Mortgage, which offers 1.05% fixed until 30 November 2023. This is available to those needing to remortgage, moving home or buying a first home.

Key details

  • Rate: 1.05% fixed until 30 November 2023
  • Product fee: £999
  • Maximum loan-to-value: 75% LTV
  • Available to: Remortgage and moving home
  • Incentives: Free valuations and no legal fees or £250 cashback for those remortgaging. Free valuations for properties valued to a maximum of £2 million for those making a house purchase.

Find out more about this mortgage.

Compare the best 75% LTV mortgages.

Best loan deal this week

Virgin Money – Virgin Money Personal Loan

One of the best personal loan deals for borrowing £5,000 over a three year period comes from Virgin Money. The Virgin Money Personal Loan offers a rate of 3.4% APR. A £5,000 loan over three years would cost £146.17 per month. The total amount to be repaid, including interest added, would be £5,262.12. Borrowers should be aware that Tesco Bank also offers a loan at the same APR, which can be found on our personal loan comparison chart.

Key details

  • Representative APR: 3.4% APR
  • Loan period: £5,000 over 36 months
  • Application available: In branch and online

Find out more about the best personal loans rates.

Best credit card deal this week

Lloyds Bank – Platinum 0% Purchase and Balance Transfer Mastercard

This week, Lloyds Bank offers the joint-longest 0% interest term on purchases with its Platinum 0% Purchase and Balance Transfer Mastercard. This credit card has an interest-free period of 21 months on purchases, as well as offering an interest-free period of 18 months on balance transfers made within 90 days. There is a 2.99% fee on balance transfers during the first three months of opening

Key details:

  • Interest-free period on purchases: 21 months
  • Interest-free period on balance transfers: 18 months on balance transfers made within 90 days
  • APR: 21.9%
  • Card fee: None
  • Opening method: Online
  • Card management: In branch, online,by phone and via app.

Find out more about the best credit cards.

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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