The winners of the 2020 Moneyfacts Awards were announced last night at a ceremony held in the Pavilion at the Tower of London. Hundreds of industry professionals from leading financial institutions gathered at a special dinner hosted by comedian Joel Dommett, all eager to hear who would be crowned the best in class in their respective sectors. So, who were triumphant?
Well, a lot of people! A total of 31 awards were handed out on the night, covering categories as diverse as the Best Personal Loan Provider, Mortgage Broker of the Year and Best Card Provider, all the way to the Innovation in Personal Finance award.
Lee Tillcock, editor of Moneyfacts, commented: "All the finalists and winners at this year's Moneyfacts Awards should be proud of their achievements. Despite the current political uncertainty all the providers and brokers have continued to offer value, choice and innovation across the personal finance sector. By providing the products and services that best meet the needs of consumers, the Moneyfacts Awards showcase those providers and brokers who have consistently demonstrated a commitment to quality and excellence that will serve them well during the next year."
Some of the big winners included Halifax, who went home with three awards (Personal Finance Provider of the Year, Best Card Provider (Standard Rate) and Best Card Provider (Balance Transfer Rate) as well as coming highly commended in two other categories, while Charter Savings Bank won two categories (Best Bank Savings Provider and Best Internet Account Provider). Virgin Money went home with no less than six trophies, winning one category (Best Service from a Mortgage Provider) and coming highly commended in two others, as well as being commended in a further two.
Smaller providers certainly made their mark, too, particularly in the savings sector, with RCI Bank winning Best No Notice Account Provider, Al Rayan Bank being crowned Best Fixed Account Provider (as well as coming highly commended in the Best Bank Savings Provider category), Shawbrook Bank securing the gong for Best Notice Account Provider (and two other runner-up prizes in the savings realm, not to mention two others elsewhere in the personal finance market), and of course Charter who we've already mentioned.
This just goes to show that, if you're looking for the best savings accounts, you shouldn't always go for the big names – challenger banks should always be considered, particularly as they come with the same financial protection as their high street counterparts (check out the best savings rates and you'll see they're the cream of the crop).
You can find the full list of winners below, and if you're in the market for a new financial product, these providers could be well worth your attention. Congratulations to all!
Best Fixed Rate Mortgage Provider | Best Variable Rate Mortgage Provider |
Winner: HSBC
Highly Commended: Leeds Building Society
Commended: Yorkshire Building Society
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Winner: Nationwide Building Society
Highly Commended: TSB
Commended: Yorkshire Bank/Clydesdale Bank
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Best Remortgage Provider | Best First-Time Buyer Mortgage Provider |
Winner: Tesco Bank
Highly Commended: HSBC
Commended: TSB
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Winner: Hanley Economic Building Society
Highly Commended: TSB
Commended: HSBC
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Regional Lending Provider of the Year | Best Specialist Mortgage Provider |
Winner: Cambridge Building Society
Highly Commended: Cumberland Building Society
Commended: Monmouthshire Building Society
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Winner: Pepper Homeloans
Highly Commended: Kensington
Commended: The Mortgage Lender
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Best Building Society Mortgage Provider | Best Bank Mortgage Provider |
Winner: Yorkshire Building Society
Highly Commended: Leeds Building Society
Commended: Nationwide Building Society
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Winner: NatWest
Highly Commended: HSBC
Commended: TSB
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Best Online Mortgage Provider | Best Service from a Mortgage Provider |
Winner: Santander
Highly Commended: NatWest Intermediary Solutions
Commended: Cambridge Building Society
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Winner: Virgin Money
Highly Commended: Halifax
Commended: Coventry Building Society
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Mortgage Broker of the Year | Mortgage Network of the Year |
Winner: London & Country Mortgages
Highly Commended: Mortgage Advice Bureau
Commended: MCB Financial Services
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Winner: Openwork
Highly Commended: Stonebridge
Commended: Intrinsic
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Best Conveyancing/Legal Search Service | Best Surveying Service |
Winner: SortRefer
Highly Commended: LMS
Commended: eConveyancer
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Winner: Metropolis Surveyors
Highly Commended: e.surv Chartered Surveyors
Commended: Countrywide
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Best No Notice Account Provider | Best Notice Account Provider |
Winner: RCI Bank UK
Highly Commended: Virgin Money
Commended: ICICI Bank UK
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Winner: Shawbrook Bank
Highly Commended: Hampshire Trust Bank
Commended: Kent Reliance
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Best Fixed Account Provider | Best Internet Account Provider |
Winner: Al Rayan Bank
Highly Commended: Ikano Bank
Commended: Milestone Savings
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Winner: Charter Savings Bank
Highly Commended: Virgin Money
Commended: Shawbrook Bank
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Best Cash ISA Provider | Best Offshore Account Provider |
Winner: Kent Reliance
Highly Commended: Shawbrook Bank
Commended: Coventry Building Society
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Winner: Skipton International Ltd
Highly Commended: Standard Bank
Commended: Santander International
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Personal Finance Provider of the Year | Best Bank Savings Provider |
Winner: Halifax
Highly Commended: Virgin Money
Commended: Post Office Money
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Winner: Charter Savings Bank
Highly Commended: Al Rayan Bank
Commended: Virgin Money
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Best Secured Loan Provider | Secured Loan Broker of the Year |
Winner: Shawbrook Bank
Highly Commended: United Trust Bank
Commended: Together
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Winner: Loans Warehouse
Highly Commended: Fluent Money
Commended: The Loan Partnership
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Best Personal Loan Provider | Best Current Account Provider |
Winner: Ikano Bank
Highly Commended: Zopa
Commended: M&S Bank
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Winner: Yorkshire Bank/Clydesdale Bank
Highly Commended: Halifax
Commended: TSB
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Best Card Provider (Introductory Rate) | Best Card Provider (Standard Rate) |
Winner: Sainsbury's Bank
Highly Commended: Post Office Money
Commended: Yorkshire Bank/Clydesdale Bank
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Winner: Halifax
Highly Commended: Lloyds Bank
Commended: Bank of Scotland
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Best Card Provider (Balance Transfer Rate) | Innovation in Personal Finance |
Winner: Halifax
Highly Commended: MBNA
Commended: Virgin Money
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Winner: Atom Bank (Mobile App)
Highly Commended: Shawbrook Bank (E-Signature)
Commended: Habito (Digital Mortgage Adviser)
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Best Building Society Savings Provider | |
Winner: Leeds Building Society
Highly Commended: Coventry Building Society
Commended: National Counties Building Society (including The Family Building Society)
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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.