Moneyfacts Weekly Product News 07/02/2019 | 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 07/02/2019

Moneyfacts Weekly Product News 07/02/2019

Category: Articles
Author: Nigel Woollsey
Date: 08/02/2019

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

Shawbrook Bank

Shawbrook Bank has increased the rate on its Easy Access Cash ISA, which now pays 1.43% on its anniversary. Savers can invest from £1,000 and early access to funds (minimum £500 withdrawal) is allowed without a penalty. Transfers in from cash ISAs and stocks & shares ISAs are also permitted. This deal, which must be opened online but can then also be managed over the phone, is for savers aged 18 or over.
Savers looking to take advantage of their annual ISA allowance will be delighted by this latest rate rise (of 0.13%) from Shawbrook Bank. Paying 1.43%, the deal now sits in the top-five products of the Moneyfacts.co.uk Best Buys for variable rate ISAs and earns an Excellent product rating too. This ISA also provides flexibility, as funds can be accessed at any time (minimum £500 withdrawal), making it ideal for savers who may need to access their money quickly.


MORTGAGES

Barclays Mortgages

Barclays Mortgages has reduced the rate on its 10-year fixed rate mortgage, which is now priced at 2.36% to 30.4.29. This deal is for both house purchase and remortgage customers who wish to borrow from as little as £5,000 at 60% loan-to-value. A product fee of £999 is payable all of which can be added to the mortgage advance and it also includes an incentive package of free valuation (max property value £2 million) for house purchase and free valuation and legal fees for remortgage customers. This product allows overpayments of up to 5% of the outstanding balance.

This product from Barclays Mortgages is likely to turn the heads of those borrowers who may be looking for a little more stability in their mortgage repayment in the longer run. Its latest rate cut (of 0.19%) to 2.36% not only sees the deal offer a low rate over 10 years, but it also includes a great incentive package of free valuation for house purchase or free valuation and legal fees to remortgage customers. Unsurprisingly, it acquires a Moneyfacts Outstanding product rating as a result.

Barclays Mortgages' lending area includes Scotland and Northern Ireland.

Skipton Building Society

Skipton Building Society has reduced the rate on its five-year fixed rate mortgage, which is now priced at 3.28% to 31.5.24. This deal is for house purchase customers who wish to borrow at 95% loan-to-value. No product fee is payable and it also includes an incentive package of free valuation. This product allows overpayments of up to 10% of the outstanding balance.

House purchase customers who have a 5% deposit and are searching for a competitive rate will find this product from Skipton Building Society highly appealing. Its rate cut (of 0.15%) has boosted the overall appeal of the deal, which includes a free valuation and charges no product fee. It now sits comfortably within the Moneyfacts.co.uk Best Buys for first-time buyers and earns an Excellent product rating in the process.

Skipton Building Society's lending area includes Scotland.



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