The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
HSBC – Two-year fixed rate mortgage, 85% loan-to-value
This week, HSBC made a number of amendments across its range, including reducing selected rates by up to 0.15%. The two-year fixed rate offering at 85% loan-to-value saw a cut of 0.10% and is now priced at 2.84%. Coupled with the reduced rate, this deal also benefits from there being no fee to pay, and those hoping to keep any mortgage set-up costs to a minimum may be further pleased to note that there is also an incentive package available of a free valuation, while those remortgaging can also benefit from free legal fees. On balance, this product achieves a place in our top rate tables and earns an Outstanding Moneyfacts product rating.
Key product details:
Nottingham Building Society – Two-year fixed rate remortgage, 80% loan-to-value
Nottingham Building Society launched a number of new products in its update this week, including a deal for remortgage customers with 20% equity available. Offered via intermediaries, this option is priced at a competitive 1.95% to 31.5.23. With no fee payable and a comprehensive incentive package of free valuation and free legal fees, this may be an attractive proposition for those looking to refinance their home while keeping any outlay to a minimum. This combination of features secures this product an Excellent Moneyfacts product rating.
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NatWest Intermediary Solutions – Five-year fixed rate mortgage, 75% loan-to-value
In addition to launching new products for those remortgaging at 90% loan-to-value, NatWest Intermediary Solutions has made selected rate reductions to some of its fixed rate products as well. Receiving a cut of 0.23%, the 75% loan-to-value five-year fixed rate option is now priced at 1.63% to 30.6.26. Available via intermediaries, the rate cut sees this become one of the lowest available in this sector of the market, and the overall appeal of the deal is further enhanced by a reasonable £995 fee (which borrowers can opt to pay upfront or add to their mortgage borrowing) and free valuation is also available. Overall the deal receives an Outstanding Moneyfacts product rating.
Key product details:
This week sees first direct launch a new £100 incentive on its 1st Account for those who switch via the Current Account Switching Service (CASS) and who credit their account with a minimum of £1,000 within the first three months. This addition has likely further increased the appeal of this particular account to those looking to switch, as not only does this carry no monthly fee, but another feature that may be of interest is that there is a highly competitive £250 interest-free buffer on the arranged overdraft facility. This account earns an Outstanding Moneyfacts product rating.
Key product details:
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.
This month will mark one year when the pandemic began impacting the UK economy, most notably with the Bank of England making two unexpected base rate cuts within weeks that resulted in base rate falling to a historic low of 0.1%
This month will mark one year when the pandemic began impacting the UK economy, most notably with the Bank of England making two unexpected base rate cuts within weeks that resulted in base rate falling to a historic low of 0.1%.
The £1 million prize winners of the March 2021 premium prize draw have been announced, along with thousands of other smaller prize winners
The £1 million prize winners of the March 2021 premium prize draw have been announced, along with thousands of other smaller prize winners
After seeing a rapid increase against the Euro at the beginning of the week, the pound sterling has since fallen and as the pound continues to fluctuate
After seeing a rapid increase against the Euro at the beginning of the week, the pound sterling has since fallen and as the pound continues to fluctuate
This month will mark one year when the pandemic began impacting the UK economy, most notably with the Bank of England making two unexpected base rate cuts within weeks that resulted in base rate falling to a historic low of 0.1%
This month will mark one year when the pandemic began impacting the UK economy, most notably with the Bank of England making two unexpected base rate cuts within weeks that resulted in base rate falling to a historic low of 0.1%.
The £1 million prize winners of the March 2021 premium prize draw have been announced, along with thousands of other smaller prize winners
The £1 million prize winners of the March 2021 premium prize draw have been announced, along with thousands of other smaller prize winners
After seeing a rapid increase against the Euro at the beginning of the week, the pound sterling has since fallen and as the pound continues to fluctuate
After seeing a rapid increase against the Euro at the beginning of the week, the pound sterling has since fallen and as the pound continues to fluctuate
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