Moneyfacts Weekly Product News - 02/08/2018 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News - 02/08/2018

Moneyfacts Weekly Product News - 02/08/2018

Category: Articles
Date: 02/08/2018

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change.

Savings

Virgin Money has launched its Man Utd Double Take E-Saver, an easy access account paying 1.30% yearly or 1.29% monthly. Savers can invest from as little as £1 up to a maximum of £250,000. Additions are permitted however only two-withdrawals per year are allowed. Savers will be entered in a prize draw every month to win match-day tickets, signed shirts and hospitality tickets. This deal is for savers aged 16 or over and must be operated online.

Manchester United fans looking to save will be delighted by this latest launch from Virgin Money. Paying 1.30%, this deal heads straight into the Moneyfacts.co.uk Best Buys. This deal not only means it is a fantastic place for football fans to kick-start their savings habit but with monthly prize draws they have the opportunity to win some great prizes as well.

Leeds Building Society

Leeds Building Society has reissued its regular saver, paying 2.30% on maturity. Savers can start the account with as little as £50 and pay up to £250 each month thereafter. Any missed payments can be made up in subsequent months. One penalty-free withdrawal is permitted. This deal is for savers aged 18 or over and can be operated in branch and by post.

The 2.30% regular saver from Leeds Building Society is highly competitive, sitting comfortably within the Moneyfacts.co.uk Best Buys, making this a great option for savers looking to kick-start their savings habit. With the extra flexibility of being able to make up any missed payments and one penalty-free withdrawal, this deal is likely to be a popular option.

Mortgages

Skipton Building Society

Skipton Building Society has reviewed the rate on its two-year variable tracker rate mortgage, which is now priced at 1.37%. This deal is for all applicants who wish to borrow from £5,000 at 60% loan-to-value. No fee is payable and an incentive package of free valuation for all borrowers and free legal fees for those remortgaging is available. This deal allows overpayments of up to 10% of the outstanding balance.

The 1.37% two-year tracker rate mortgage from Skipton Building Society is highly competitive, seeing it retain a position within the Moneyfacts.co.uk Best Buys for remortgage customers. Boosting its appeal is the lack of fee and great incentive package, making it an ideal choice for anyone looking to minimise their upfront costs. However, borrowers should note that as this product is a variable option, if base rate rises, the rate on this product may also increase.

Skipton Building Society's lending area includes Scotland.

Virgin Money

Virgin Money has reduced the rate on its three-year fixed rate mortgage, which is now priced at 2.44% to 1.11.21. This deal is for all applicants who wish to borrow at 90% loan-to-value. No fee is payable and an incentive package of £300 cashback for first and second-time buyers, free valuation and free legal fees for remortgage customers is available. This deal allows overpayments of up to 10% of the outstanding balance

Virgin Money's 2.44% three-year fixed rate sits comfortably within its sector. The added bonus of a comprehensive incentive package and no fee makes this a cost-effective option for borrowers looking for a recognised brand.

Virgin Money's lending area includes Scotland.

Loans

Tesco Bank

Tesco Bank has reduced the rates on selected tiers of its unsecured personal loan, which means customers can now apply for a personal loan of £7,500 to £25,000 over a term of 61 months to seven years at a rate of 3.1% APR. Customers must be aged between 18 and 74 and have a minimum income of £10,000 per annum. Applications must be made online.

This review to Tesco Bank's unsecured personal loan sees it sit comfortably within its sector and earn an excellent rating. With an attractive APR of 3.1%, this is likely to be a popular choice for those looking to consolidate their debts.

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.

 

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.

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