Moneyfacts Weekly Product News 21/03/2019 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News 21/03/2019

Moneyfacts Weekly Product News 21/03/2019

Category: Articles
Author: Nigel Woollsey
Date: 21/03/2019

Savings


Kent Reliance


Kent Reliance has launched a new easy access account paying 1.50% yearly. A monthly option paying 1.49% is also available. Savers can invest from £1,000 and early access to funds and further additions are allowed without penalty. This deal, which must be opened online but can then also be managed by phone, is for all savers and has no set minimum age.

Joining the ranks as one of the top deals in the easy access market is this latest launch from Kent Reliance. Paying a rate of 1.50%, the account allows unlimited withdrawals and secures a place within the Moneyfacts.co.uk Best Buys in addition to an Excellent product rating. Savers with £1,000 will be delighted by the fuss-free nature of this deal, but they must apply online to take advantage.

OakNorth


OakNorth has increased the rate on its two-year fixed ISA, which now pays 1.92% gross on a monthly basis (1.94% AER). Savers can invest from £1,000 and further additions are permitted within 30 days of account opening, and transfers in from cash ISAs are also allowed. Early access to funds and transfers out are permitted subject to a penalty of 180 days' loss of interest, though it should be noted that withdrawals must be of at least £1,000. This ISA, which must be opened online but can then also be managed by phone, is for savers aged 18 or over.

The clock is ticking for savers to utilise their current ISA allowance, so this latest deal from OakNorth is well-timed. Paying 1.92%, this two-year fixed ISA sits towards the top of the Moneyfacts.co.uk Best Buys and earns an Excellent product rating as a result. The deal also provides a bit of flexibility, subject to an interest penalty, but this may appeal to those savers who need to access their cash earlier than expected.

Mortgages


Barclays Mortgage


Barclays Mortgage has amended selected rates in its range, with its five-year fixed mortgage now priced at 2.41% to 30.4.24. This deal is for all borrowers who wish to borrow between £5,000 and £375,000 at 90% loan-to-value. No fee is payable and an incentive package of free valuation is on offer to all borrowers, and legal fees are covered for remortgage customers too. This product allows overpayments of up to 10% of the outstanding balance.

This latest rate cut (of 0.08%) has improved the overall appeal of this five-year fixed deal from Barclays Mortgage. Now offering a rate of 2.41%, the lack of product fee and generous incentive package, particularly for remortgage customers, will likely turn heads. Due to its attractive package, it takes a place within the Moneyfacts.co.uk Best Buys and earns an Excellent product rating in the process.

Barclays Mortgages' lending area includes Scotland.

Nottingham Building Society


Nottingham Building Society has reduced the rate on its two-year fixed rate mortgage, which is now priced at 3.10% to 1.7.21. This deal is for all applicants who wish to borrow from £30,000 at 95% loan-to-value. No product fee is payable and an incentive package of free valuation is included, while remortgage customers will also get free legal fees. This deal allows overpayments of up to 10% of the mortgage advance.

This week Nottingham Building Society has cut the rate on its two-year fixed mortgage (by 0.09%), enhancing its overall package. Those with a 5% deposit and are looking to save on the upfront cost of their mortgage will be delighted by the deal's lack of product fee and free valuation, while borrowers with little equity who are hoping to remortgage will also be pleased by its free legal fees incentive.

Nottingham Building Society's lending area does not include 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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