Savings
Tesco Bank – Instant Access Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tesco Bank has increased the rate on its Instant Access Cash ISA this week by 0.05% which has boosted its appeal. Now paying 0.51% upon its anniversary, the deal has improved its position within this sector and sits within the top 10 in the market. Savers who have yet to use their ISA allowance and are searching for a flexible account may find this deal appealing as it allows unlimited deposits, withdrawals and accepts cash ISA transfers. Savers may wish to note that the deal carries a bonus of 0.41% for 12 months, so careful planning, when this expires, would be wise. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 0.51% gross / 0.51% AER payable on its anniversary (rate includes a bonus of 0.41% gross for 12 months)
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted.
- Further additions: Permitted
- Transfers in: Permitted. Accepts cash ISAs
- Transfers out: Permitted
- Opening account: Online or by phone
- Managing account: Online, by phone or mobile app
- Other information: Minimum applicant age 18. Flexible ISA rules apply.
DF Capital – 120 Day Notice Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“DF Capital has made a rate rise of 0.05% on its 120-day notice account this week, which has propelled the deal to lead the notice account market. Now paying a monthly rate of 1.05%, savers who have the required £1,000 upfront to deposit and are searching for a competitive return, perhaps as a monthly payment to supplement their income, may find this deal enticing. It is important to note that careful planning towards any withdrawals is a must, as access to funds requires 120-days’ notice. On assessment the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.05% gross / 1.05% AER payable monthly
- Notice / term: 120-days
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Permitted, subject to 120 days’ notice
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Mortgages
West Brom Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has reduced a range of its fixed rate mortgages at 95% loan-to-value this week, including an improvement to the overall true cost of its two-year fixed deal. After a reduction of 0.20%, its two-year fixed deal is now priced at 3.29% and may appeal to borrowers looking to save on the upfront cost of their deal. Available to house purchase customers who have a limited deposit or equity of 5%, this deal carries an incentive package of £500 cashback and free valuation, plus it does not charge a product fee. This deal claims a place in our top tables and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.29% fixed rate to 31.10.23
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-Let Mortgages
Principality Building Society – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Principality Building Society has made reductions to selected fixed rates within their range, with its two-year fixed rate option at 75% loan-to-value receiving a 0.12% cut. Now priced at 2.08% until 31 January 2024, the deal may entice borrowers looking to save on the upfront cost as it does not charge a product fee, but also carries an incentive package of free valuation and for those remortgaging, free legal fees. Due to the attractive package, this deal earns a position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.08% fixed rate to 31.1.24
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and for those remortgaging, free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales. Available direct and via intermediaries.
Savings
Tesco Bank – Instant Access Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tesco Bank has increased the rate on its Instant Access Cash ISA this week by 0.05% which has boosted its appeal. Now paying 0.51% upon its anniversary, the deal has improved its position within this sector and sits within the top 10 in the market. Savers who have yet to use their ISA allowance and are searching for a flexible account may find this deal appealing as it allows unlimited deposits, withdrawals and accepts cash ISA transfers. Savers may wish to note that the deal carries a bonus of 0.41% for 12 months, so careful planning, when this expires, would be wise. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 0.51% gross / 0.51% AER payable on its anniversary (rate includes a bonus of 0.41% gross for 12 months)
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted.
- Further additions: Permitted
- Transfers in: Permitted. Accepts cash ISAs
- Transfers out: Permitted
- Opening account: Online or by phone
- Managing account: Online, by phone or mobile app
- Other information: Minimum applicant age 18. Flexible ISA rules apply.
DF Capital – 120 Day Notice Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“DF Capital has made a rate rise of 0.05% on its 120-day notice account this week, which has propelled the deal to lead the notice account market. Now paying a monthly rate of 1.05%, savers who have the required £1,000 upfront to deposit and are searching for a competitive return, perhaps as a monthly payment to supplement their income, may find this deal enticing. It is important to note that careful planning towards any withdrawals is a must, as access to funds requires 120-days’ notice. On assessment the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.05% gross / 1.05% AER payable monthly
- Notice / term: 120-days
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Permitted, subject to 120 days’ notice
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Mortgages
West Brom Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has reduced a range of its fixed rate mortgages at 95% loan-to-value this week, including an improvement to the overall true cost of its two-year fixed deal. After a reduction of 0.20%, its two-year fixed deal is now priced at 3.29% and may appeal to borrowers looking to save on the upfront cost of their deal. Available to house purchase customers who have a limited deposit or equity of 5%, this deal carries an incentive package of £500 cashback and free valuation, plus it does not charge a product fee. This deal claims a place in our top tables and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.29% fixed rate to 31.10.23
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-Let Mortgages
Principality Building Society – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Principality Building Society has made reductions to selected fixed rates within their range, with its two-year fixed rate option at 75% loan-to-value receiving a 0.12% cut. Now priced at 2.08% until 31 January 2024, the deal may entice borrowers looking to save on the upfront cost as it does not charge a product fee, but also carries an incentive package of free valuation and for those remortgaging, free legal fees. Due to the attractive package, this deal earns a position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.08% fixed rate to 31.1.24
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and for those remortgaging, free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales. Available direct and via intermediaries.
