Savings

Moneybox – Moneybox Cash ISA

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week, Moneybox has reduced the rate on its Moneybox Cash ISA. Despite this, the deal continues to hold the market-leading position when compared against its peers. It now pays an attractive 5.46%, however, it does include a 1.51% bonus for the first three months, so it is important savers review the rate when this expires. Savers searching for a competitive headline rate to build their tax-free savings may find this an enticing option as they have instant access to their cash. However, it is crucial that consumers consider their withdrawals carefully as the rate drops significantly to just 0.75% if four or more withdrawals are made. In more positive news, further additions are permitted at any time into the account and investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range. On assessment, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.46% gross / 5.46% AER payable on anniversary (includes a 1.51% bonus for three months)
• Notice / term: None
• Minimum opening amount: £500
• Maximum investment amount: ISA allowance
• Access: Permitted. Lower rate of 0.75% gross/AER paid if more than three withdrawals made per 12-month period
• Further additions: Permitted
• Transfers in: Permitted. Accepts Cash, Stocks and Shares, Help to Buy and Innovative Finance ISAs
• Transfers out: Permitted
• Opening account: Online and via mobile app
• Managing account: Online and via mobile app
• Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range.

Mortgages

HSBC – Two-year fixed rate mortgage, 95% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“HSBC has refreshed its mortgage range with increases across most of its fixed products. The two-year deal at 95% loan-to-value has seen a slight 0.08% uplift and is now priced at 5.05% until 30 August 2027. Borrowers looking for an attractive deal and low upfront costs may find this deal enticing as it continues to be fee-free and offers a generous incentive package which includes a free valuation and £500 cashback. Overall, this product earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.05% fixed rate to 30.8.27
• Product fee: None
• Maximum loan-to-value: 95%
• Available to: House purchase customers
• Incentives: Free valuation and £500 cashback for first-time buyers or £250 cashback for second-time buyers.
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Buy-to-Let

NatWest – Two-year fixed rate mortgage, 75% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“NatWest has increased rates across its buy-to-let range by up to 0.30% this week. Its two-year deal at 75% loan-to-value has seen a smaller 0.10% cut and is now priced at 4.78% until 31 August 2027. The deal is available for house purchase customers with a 25% deposit and comes with an attractive free valuation incentive. Adding to its appeal, there are no product fees attached. Despite the rise, this deal continues to sit among the best in its sector and earns an Excellent Moneyfacts product rating.”

Key product details:

• 4.78% fixed rate to 31.8.27
• Product fee: None
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain, Northern Ireland. Online exclusive deal.

Skipton Building Society – Two-year variable tracker rate mortgage, 60% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week, Skipton Building Society has refreshed its buy-to-let range, including its variable tracker rate offerings. The two-year deal at 60% loan-to-value has seen the largest cut, by 0.14% to 5.05%. Landlords will find a free valuation incentive is included and, for remortgage customers, free legal fees. The product fee of £745 can also be added to the advance of the mortgage, which may attract those looking to save on the upfront cost. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• 5.05% variable tracker rate (collared at 3.00%) for two years
• Product fee: £745
• Maximum loan-to-value: 60%
• Available to: Second-time buyers and remortgage customers
• Incentives: Free valuation, and for those remortgaging, free legal fees
• Flexible features: Allows overpayments  
• Lending area: Great Britain.

Loans

M&S Bank – Unsecured Personal Loan

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“The latest update from M&S Bank sees a rate reduction on its Personal Loan for amounts between £7,500 and £20,000. This rate reduction, to 5.9% APR, improves its position within its sector and makes borrowing between these amounts cheaper. Adding to its appeal, the loan allows overpayments to be made without an early repayment charge. Overall, the product earns an Outstanding Moneyfacts product rating.”

Key product details:

• Representative APR: 5.9%
• Loan period: Rate shown is based on a term of 60 months for a £7,500 borrowing
• Application available: Online and by phone
• Other information: Minimum age 18. Minimum Applicant Income £10,000 per year. You may be offered an alternative APR dependent on credit rating.