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The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
Hampshire Trust Bank – 2 Year Bond (Issue 47)
Hampshire Trust Bank has made amendments to its fixed rate bond products this week, including making a significant rate increase of 0.51% on its two-year bond, which now pays 0.91% on anniversary. Securing a position in our top rate tables, this offers a competitive return for those happy to lock their savings pot away for the two-year term, as earlier access is not permitted. However, some savers may be pleased to note that further additions can be made for 14 days after opening the account. On balance, this bond receives an Excellent Moneyfacts product rating.
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Habib Bank Zurich plc – HBZ Sirat eDeposit
Among other changes to its savings range this week, Habib Bank Zurich plc has launched a new 12-month HBZ Sirat eDeposit, which pays an expected profit rate of 0.85% on maturity. This Sharia’a-compliant account gains a position in the top 10 when compared against other bonds with similar terms that are currently available. As is common with many bonds, earlier access is not permitted, so careful planning is advised, however, savers do have 30 days from account opening to make further additions, which could be a plus for some. This account receives an Excellent Moneyfacts product rating.
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Platform – Two-year fixed rate mortgage, 75% loan-to-value
Among a variety of updates to its range, Platform has made reductions to selected products this week, which includes a cut of 0.46% to its two-year fixed rate at 75% loan-to-value. Now priced at 1.59%, this product carries no product fee. In addition, borrowers can also benefit from a generous incentive package of free valuation and £250 cashback, while remortgage customers also have the option of free legal fees, ensuring that this product is a very attractive proposition, particularly for those looking to keep the cost of setting up a new mortgage to a minimum. Overall, the combination of low initial rate and other features means that this deal earns an Outstanding Moneyfacts product rating.
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Lloyds Bank – Five-year fixed rate remortgage, 85% loan-to-value
One of the products to receive a rate amendment in the latest update from Lloyds Bank is the 85% loan-to-value deal for remortgage customers. Despite an increase of 0.47%, this deal (now priced at 2.67%) may well entice those with 15% equity who are looking to secure a longer-term fixed rate mortgage. This option has a reasonable fee of £999 that can be added to the advance, which could be a positive for those looking to keep any outgoings related to a new mortgage deal to a minimum. There is also an incentive package of a free valuation and also free legal fees. Therefore, on balance, this product secures an Excellent Moneyfacts product rating.
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TSB – Two-year fixed rate mortgage, 90% loan-to-value
TSB has launched new 90% loan-to-value products this week for those purchasing homes, including a two-year fixed rate option priced at 3.84%. In a sector where products have been scarce of late, this deal could be even more attractive to those looking to purchase with a 10% deposit, as it will also enable them to keep set-up costs to a minimum as there is no product fee to pay. Borrowers can also benefit from the incentives of free valuation and £500 cashback. This deal secures an Outstanding Moneyfacts product rating.
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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. 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.
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The last 12 months has shown how important it is for consumers to protect their finances with critical illness cover in case they are unable to work due to long-term illness
The last 12 months has shown how important it is for consumers to protect their finances with critical illness cover in case they are unable to work due to long-term illness
During April many tax allowances and thresholds will increase, which could see consumers gaining more in their monthly wages, but also may result in having to pay higher taxes
During April many tax allowances and thresholds will increase, which could see consumers gaining more in their monthly wages, but also may result in having to pay higher taxes
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The last 12 months has shown how important it is for consumers to protect their finances with critical illness cover in case they are unable to work due to long-term illness
The last 12 months has shown how important it is for consumers to protect their finances with critical illness cover in case they are unable to work due to long-term illness
During April many tax allowances and thresholds will increase, which could see consumers gaining more in their monthly wages, but also may result in having to pay higher taxes
During April many tax allowances and thresholds will increase, which could see consumers gaining more in their monthly wages, but also may result in having to pay higher taxes
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