Moneyfacts Weekly Product News - 27/04/17 | Product News | moneyfacts.co.uk

Product News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Moneyfacts Weekly Product News - 27/04/17

Moneyfacts Weekly Product News - 27/04/17

Category: Articles
Date: 27/04/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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

Britannia

Britannia has increased the rate on its two-year fixed rate cash ISA, which is now priced at 1.25%, paid yearly. Savers must invest from £5,000. Additions are permitted while the issue remains open and early access is allowed subject to a 180 days' loss of interest penalty. Transfers in are only permitted from other cash ISAs. This deal is for savers aged 16 and over and can be operated in branch and by post.

This 1.25% two-year fixed rate ISA from Britannia is highly competitive and heads straight into the Moneyfacts.co.uk Best Buys. With the extra flexibility this deal provides, it is likely to be a popular choice for anyone looking to use their tax-free allowance over the short-term.


Charter Savings Bank

Charter Savings Bank has increased the rate on its one-year fixed rate bond, which now pays 1.55% on maturity or 1.54% monthly. Savers must invest from £1,000. Additions are permitted within 14 days of the account opening, however, early access to funds is not allowed. This deal is for savers aged 18 and over and can only be operated online.

Savers looking to invest online will be delighted by this latest increase from Charter Savings Bank. Paying 1.55%, this deal heads straight into the Moneyfacts.co.uk Best Buys, making it a popular choice among savers. However, with no early access to funds, savers must ensure they are happy with their initial deposit.


Mortgages

Principality Building Society

Principality Building Society has reduced its two-year fixed mortgage rate, which is now priced at 1.60% to 30.6.19. This deal is for all borrowers who wish to borrow between £5,000 and £750,000 at 65% loan-to-value. No fee is payable and an incentive package of free valuation for all borrowers and free legal fees for remortgage customers is available. This deal allows overpayments of up to 10% of the outstanding balance.

The newly priced 1.60% two-year fixed rate deal from Principality Building Society is highly competitive and heads straight into the Moneyfacts.co.uk Best Buys. With the added bonus of no fee payable and an attractive incentive package, this could be a great option for anyone looking for an all-round package.

Principality Building Society's lending area does not include Scotland.

Santander

Santander has launched a selection of first-time buyer products to expand its range, including a new five-year fixed rate mortgage priced at 2.59% to 2.8.22. This deal is for those who wish to borrow between £6,000 and £550,000 at 85% loan-to-value. No fee is payable and an incentive package of free valuation and £250 cashback is available. This deal allows overpayments of up to 10% of the outstanding balance.

First-time buyers with a 15% deposit looking to borrow from a high-street lender will be intrigued by this latest offer from Santander. Priced at 2.59%, this deal is competitively priced in the market. Alongside its decent rate, it benefits from being fee-free and having a great incentive package including a £250 cash rebate, making this an attractive option for those looking to keep initial costs down.

Santander's lending area includes Scotland.

Loans

Clydesdale Bank

Clydesdale Bank has reduced the rate on its unsecured personal loan tier of £5,000 to £7,499. Customers can now apply for this loan over a term of one to five years at a rate of 4.3% APR. Customers must be 18 or over. Applications can be made in branch, by telephone and online.

This 1.00% rate cut by Clydesdale Bank to its £5,000 to £7,999 loan tier makes it considerably more competitive for borrowers looking for a medium loan. The loan also remains competitive for customers looking to borrow larger sums where rates start as low as 3.0%, and the deal earns an 'Outstanding' Moneyfacts rating as a result.

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.

Close