Moneyfacts Weekly Product News 21/02/2019 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News 21/02/2019

Moneyfacts Weekly Product News 21/02/2019

Category: Articles
Author: Nigel Woollsey
Date: 21/02/2019

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

Leeds Building Society
Leeds Building Society has amended the rate on its five-year fixed rate ISA, which now pays 2.07% gross yearly. Savers can invest from £100 and early access to funds is allowed subject to a penalty of 365 days' loss of interest. Transfers in from cash ISAs and stocks and shares ISAs are also permitted. This account, which can be opened online, by post and in branch and then operated in branch and by post, is for savers aged 16 or over.

Savers hoping to invest in their ISA allowance over the longer-term will find this ISA from Leeds Building Society highly appealing. Paying 2.07% fixed for five years, the deal secures a place within the Moneyfacts.co.uk Best Buys and earns an Excellent product rating too. Those savers looking for some flexibility on a longer-term ISA can also exit the deal early if they so wish, subject to a 365-day loss of interest penalty.

Principality Building Society

Principality Building Society has launched a new one-year fixed ISA, which pays 1.65% gross on maturity. A monthly interest option is also available that pays 1.64%. Savers can invest from £500 and further additions are permitted while the issue remains open. Early access to funds is allowed subject to a penalty of 90 days' loss of interest and account closure. Transfers in from cash ISAs and stocks and shares ISAs are also permitted. This account, which must be opened online or in branch, can then be managed online, in branch or by post, is for savers aged 16 or over.

Those savers looking for a short-term fixed ISA to make use of their tax-free allowance will find this new ISA from Principality Building Society a great option. Paying 1.65% gross on maturity, the deal easily secures a place within the Moneyfacts.co.uk Best Buys and secures an Excellent product rating too. The ability to exit the deal early will be appealing to savers who may need to access their cash earlier than expected – subject to a 90-day loss of interest penalty and account closure.

Mortgages

Barclays Mortgage

Barclays Mortgage has reduced the rate on its two-year fixed rate mortgage, which is now priced at 2.77% to 30.4.21. This deal is for house purchase customers who wish to borrow at 95% loan-to-value. No product fee is payable and the deal also includes an incentive package of free valuation. This product allows overpayments of up to 10% of the outstanding balance.

The latest rate cut (of 0.09%) from Barclays Mortgage has improved the overall appeal of its two-year fixed mortgage for borrowers with a 5% deposit. Taking a place within the Moneyfacts.co.uk Best Buys for first-time buyers, it will likely grab the attention of borrowers searching for a decent package with a high-street brand. This deal also earns the highest Outstanding Moneyfacts product rating in the process.
Barclays Mortgage's lending includes Scotland.

Post Office Money®
Post Office Money® has reduced the rate on its two-year fixed rate mortgage, which is now priced at 1.90% to 31.5.21. This deal is for all borrowers who wish to borrow at 85% loan-to-value. A product fee of £495 is payable, and 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.
Post Office Money® has entered the Moneyfacts.co.uk Best Buys thanks to its latest reprice to an already competitive package. Priced at 1.90%, this two-year fixed mortgage has had a slight rate cut (of 0.04%) and will likely turn the heads of borrowers searching for not only a low rate, but also a decent incentive package to save on the upfront cost.
Post Office Money'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.

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