Savings
Secure Trust Bank – 1 Year Fixed Rate Cash ISA (27.Feb.24)
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Following a rate rise this week, the 1 Year Fixed Rate Cash ISA from Secure Trust Bank takes a prominent position in the top 10 of its sector. Investors looking to use their tax-free savings allowance may well be attracted to the competitive return of 3.75%. Additionally, there is some flexibility on offer with this ISA, as it allows earlier access subject to account closure and a loss of interest penalty, which might be a further plus for some. Savers can also make further additions and transfers in for 30 days from account opening, which could be another benefit. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.75% gross / 3.75% AER payable yearly
- Notice / term: To 27.2.24
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 90 days’ loss of interest penalty
- Further additions: Permitted for 30 days from account opening. Minimum addition £1,000
- Transfers in: Permitted for 30 days from account opening. Accepts Cash ISAs.
- Transfers out: Permitted, subject to account closure and 90 days’ loss of interest penalty
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Paragon Bank – Triple Access Account – Issue 11
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Paragon Bank has launched a new issue of its Triple Access Account to its product range this week. Paying a return of 2.85%, this account may well tempt those who are comfortable limiting their access to their savings cash as only up to three withdrawals are possible per year (otherwise the rate paid reduces). There is also a monthly interest option available on the account, which might further tempt those who are looking to supplement their regular income. Overall, the deal takes a place in the top 10 compared to other similar easy access accounts and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.85% gross / 2.85% AER payable on anniversary / monthly interest rate option of rate 2.81% gross / 2.85% AER also available
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: Permitted, up to three withdrawals per calendar year, for four or more withdrawals, rate paid will reduce to 0.75% gross / 0.75% AER
- Further additions: Permitted via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Yorkshire Building Society – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Yorkshire Building Society has made some eye-catching updates to its residential mortgage range this week, including reducing its fixed rate offerings by up to 0.75%. One of the products which saw this initial rate cut is a 75% loan-to-value deal with a relatively low £495 fee for those purchasing a home. Now priced at 4.34% until 31 May 2028, this could well be an attractive choice for those looking for secure a stable mid-term fixed rate. When assessed as a whole, this deal also benefits from a generous incentive package which includes cashback and a free valuation. On assessment, this deal takes a place in our top tables and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.34% fixed rate to 31.5.28
- Product fee: £495
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage option available)
- Incentives: £250 cashback and free valuation
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made
- Lending area: Great Britain and Northern Ireland.
Principality Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Principality Building Society has made rate cuts across the majority of its fixed products this week. One of the deals to see a cut of 0.18% is the two-year fixed option for first-time buyers with a 5% deposit. Now priced at 5.77% until 30.4.25, this may well appeal to those with limited cash available to meet mortgage set-up costs, as there is no fee to pay, and a free valuation incentive is also on offer. Assessed overall, this mortgage earns a position in our top rate tables for first-time buyers and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.77% fixed rate to 30.4.25
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“This week HSBC has made reductions across its some of the fixed rate deals in its buy-to-let range. One of the deals to see a rate cut is available to landlords who are purchasing a property with a 25% deposit. Now priced at 5.09% until 31 May 2028, this is now the lowest offering in its sector based on initial rate. Taking the fee and incentive package into account, this option takes a place in our top tables and receives an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.09% fixed rate to 31.5.28
- Product fee: £1,999
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage option available)
- Incentives: Free valuation
- Flexible features: Allows overpayments.
Leeds Building Society – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“One of the products to receive a rate cut from Leeds Building Society this week is its five-year fixed rate at 60% loan-to-value. Following a reduction of 0.36%, this is now priced at a competitive 5.01% until 31 March 2028. Available to landlords both purchasing or refinancing their rental property, the appeal of this product is further boosted by the reasonable £999 fee (for which there is the option to add to the mortgage advance) and the incentive package attached, which could be a bonus for those looking to keep any outlay associated with a new mortgage to a minimum. Considered as a whole, this product earns a place in our top tables and an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.01% fixed rate until 31.3.28
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: Free valuation and, for remortgage borrowers, help towards costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
Savings
Secure Trust Bank – 1 Year Fixed Rate Cash ISA (27.Feb.24)
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Following a rate rise this week, the 1 Year Fixed Rate Cash ISA from Secure Trust Bank takes a prominent position in the top 10 of its sector. Investors looking to use their tax-free savings allowance may well be attracted to the competitive return of 3.75%. Additionally, there is some flexibility on offer with this ISA, as it allows earlier access subject to account closure and a loss of interest penalty, which might be a further plus for some. Savers can also make further additions and transfers in for 30 days from account opening, which could be another benefit. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.75% gross / 3.75% AER payable yearly
- Notice / term: To 27.2.24
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 90 days’ loss of interest penalty
- Further additions: Permitted for 30 days from account opening. Minimum addition £1,000
- Transfers in: Permitted for 30 days from account opening. Accepts Cash ISAs.
- Transfers out: Permitted, subject to account closure and 90 days’ loss of interest penalty
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Paragon Bank – Triple Access Account – Issue 11
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Paragon Bank has launched a new issue of its Triple Access Account to its product range this week. Paying a return of 2.85%, this account may well tempt those who are comfortable limiting their access to their savings cash as only up to three withdrawals are possible per year (otherwise the rate paid reduces). There is also a monthly interest option available on the account, which might further tempt those who are looking to supplement their regular income. Overall, the deal takes a place in the top 10 compared to other similar easy access accounts and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.85% gross / 2.85% AER payable on anniversary / monthly interest rate option of rate 2.81% gross / 2.85% AER also available
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: Permitted, up to three withdrawals per calendar year, for four or more withdrawals, rate paid will reduce to 0.75% gross / 0.75% AER
- Further additions: Permitted via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Yorkshire Building Society – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Yorkshire Building Society has made some eye-catching updates to its residential mortgage range this week, including reducing its fixed rate offerings by up to 0.75%. One of the products which saw this initial rate cut is a 75% loan-to-value deal with a relatively low £495 fee for those purchasing a home. Now priced at 4.34% until 31 May 2028, this could well be an attractive choice for those looking for secure a stable mid-term fixed rate. When assessed as a whole, this deal also benefits from a generous incentive package which includes cashback and a free valuation. On assessment, this deal takes a place in our top tables and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.34% fixed rate to 31.5.28
- Product fee: £495
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage option available)
- Incentives: £250 cashback and free valuation
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made
- Lending area: Great Britain and Northern Ireland.
Principality Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“Principality Building Society has made rate cuts across the majority of its fixed products this week. One of the deals to see a cut of 0.18% is the two-year fixed option for first-time buyers with a 5% deposit. Now priced at 5.77% until 30.4.25, this may well appeal to those with limited cash available to meet mortgage set-up costs, as there is no fee to pay, and a free valuation incentive is also on offer. Assessed overall, this mortgage earns a position in our top rate tables for first-time buyers and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.77% fixed rate to 30.4.25
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“This week HSBC has made reductions across its some of the fixed rate deals in its buy-to-let range. One of the deals to see a rate cut is available to landlords who are purchasing a property with a 25% deposit. Now priced at 5.09% until 31 May 2028, this is now the lowest offering in its sector based on initial rate. Taking the fee and incentive package into account, this option takes a place in our top tables and receives an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.09% fixed rate to 31.5.28
- Product fee: £1,999
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage option available)
- Incentives: Free valuation
- Flexible features: Allows overpayments.
Leeds Building Society – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Eleanor Williams, Finance Expert at Moneyfacts.co.uk, said:
“One of the products to receive a rate cut from Leeds Building Society this week is its five-year fixed rate at 60% loan-to-value. Following a reduction of 0.36%, this is now priced at a competitive 5.01% until 31 March 2028. Available to landlords both purchasing or refinancing their rental property, the appeal of this product is further boosted by the reasonable £999 fee (for which there is the option to add to the mortgage advance) and the incentive package attached, which could be a bonus for those looking to keep any outlay associated with a new mortgage to a minimum. Considered as a whole, this product earns a place in our top tables and an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.01% fixed rate until 31.3.28
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: Free valuation and, for remortgage borrowers, help towards costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
