Moneyfacts Weekly Product News 04/04/19 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News 04/04/19

Moneyfacts Weekly Product News 04/04/19

Category: Articles
Author: Nigel Woollsey
Date: 04/04/2019

Savings


Leeds Building Society

Leeds Building Society has increased the rate on Limited Issue Online Access ISA, which pays 1.46% on maturity. Savers can invest from £1,000 and further additions are permitted while the issue remains open. Unlimited withdrawals are allowed and transfers in from cash ISAs and stocks and shares ISAs are also permitted. This ISA, which must be opened and managed online, is for savers aged 16 or over.

Savers searching for a fuss-free easy access ISA will find this new deal from Leeds Building Society highly attractive. The slight rate rise (of 0.05%) secures it a prominent position within the Moneyfacts.co.uk Best Buys and earns an Excellent product rating in the process. Those savers looking to transfer any cash or stocks and shares ISAs will also be pleased to find this deal allows both to be transferred in, and it can be easily opened online.

Skipton Building Society

Skipton Building Society has launched Online Bonus Saver Issue 5, which pays 1.42% on its anniversary. The rate includes a bonus of 0.42% for 16 months. Savers can invest from £1, and further additions and unlimited withdrawals are permitted. This deal, which must be opened and managed online, is for savers aged 16 or over.

Savers searching for a simple easy access account to start up the savings habit will be delighted by this new deal from Skipton Building Society. Paying a rate of 1.42%, the deal makes its way into the Moneyfacts.co.uk Best Buys and earns an Excellent product rating in the process. As the deal carries a bonus, savers would be wise to review the rate a few weeks before it expires.

Virgin Money

Virgin Money has launched a new issue of its regular saver (Issue 16), which pays 3.00% fixed on a yearly basis until 1.5.20. Savers can invest from £1 per month up to £250 per month, with a maximum investment of £3,500 per year. Unlimited withdrawals and further additions are permitted. This deal, which must be opened in branch but can then also be managed by post, is for savers aged 16 or over.

Virgin Money's new issue of its regular saver pays a decent rate of 3.00% and is available to all customers who apply in branch. Those savers looking to put some money aside for a specific savings goal, or who just want to start up the savings habit, will find this deal highly attractive. It secures a place within the Moneyfacts.co.uk Best Buys and earns an Excellent product rating as a result.


Mortgages


Yorkshire Building Society

Yorkshire Building Society has launched a new two-year fixed rate mortgage, which is now priced at 1.84% to 30.6.21. This deal is for house purchase customers who wish to borrow at 90% loan-to-value. A product fee of £995 is payable, all of which can be added to the mortgage advance. The deal also includes an incentive package of free valuation and £500 cashback. This product allows overpayments of up to 10% of the outstanding balance and also permits underpayments and payment holidays.

This new two-year fixed deal from Yorkshire Building Society takes a place within the Moneyfacts.co.uk Best Buys thanks to its competitive rate of 1.84% and generous incentive package. Borrowers with a 10% deposit will be able to save on the upfront cost of the deal due to its free valuation incentive and £500 cashback – plus the product fee can be added to the mortgage advance. This deal also earns an Outstanding Moneyfacts product rating in the process.
Yorkshire Building Society's lending includes Scotland.

Coventry Building Society

Coventry Building Society has reduced the rate on its five-year fixed rate mortgage, which is now priced at 2.29% to 30.6.24. This deal is for all applicants who wish to borrow at 90% loan-to-value. A product fee of £995 is payable, all of which can be added to the mortgage advance. The deal also includes an incentive package of free valuation (max £670) for all borrowers and £500 cashback for house purchase customers, while remortgage customers will also get free legal fees. This product allows overpayments of up to 10% of the mortgage advance.

Coventry Building Society has cut the rate on its five-year fixed mortgage (by 0.10%), which has improved its overall package. Entering the Moneyfacts.co.uk Best Buys, its attractive incentive package includes a free valuation for all borrowers, £500 cashback for house purchase customers, plus free legal fees for those looking to remortgage. This deal also earns an Outstanding Moneyfacts product rating in the process.
Coventry Building Society's lending includes Scotland.


Loans


Admiral

Admiral has reduced the rate on a selected tier of its unsecured personal loan, which means customers can now apply for a personal loan of between £1,000 and £2,999 over a term of one to five years at a rate of 13.2% APR. Applicants must be aged 18 or over with a minimum income of £10,000 per year and can apply online or by phone.

Admiral has made a significant reduction (of 2.7%) to its unsecured personal loan tier of £1,000 to £2,999 over a one to five-year term this week, earning an Outstanding product rating as a result. Borrowers looking for a smaller loan will find this rate of 13.2% APR highly appealing, as it sits just shy of the top deal in its sector.

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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