Savings
Scottish Building Society – Regular Saver
Commenting on the deal, Caitlyn Eastell, Finance Expert at Moneyfactscompare.co.uk, said:
“Scottish Building Society has launched a new variable rate regular savings account this week, which pays a competitive 6.50%. The account grabs a prominent position when compared against its peers and may attract savers who want to build a savings habit. Savers can deposit a maximum of £250 per month and any unused subscriptions can be made up later. Further adding to the account’s appeal, savers can make unlimited withdrawals throughout the 12-month fixed term. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.50% gross / 6.50% AER variable payable on maturity
- Notice / term: 12 months
- Minimum opening amount: £50
- Maximum monthly investment amount: £250
- Access: Permitted
- Further additions: Permitted, providing monthly maximum deposit is not exceeded.
- Opening account: By post and in branch
- Managing account: Online, by phone, by post and in branch
- Other information: Minimum applicant age 18. Joint account option available. Unused subscriptions from previous months can be made up in subsequent months.
Mortgages
Furness Building Society – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Furness Building Society has repriced several deals in its residential range alongside a handful of new launches. One new offering is a five-year fixed rate deal at 90% loan-to-value which is priced at 4.39%. Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it charges a reasonable £999 product fee. This is offset by its lucrative incentive package which includes a free valuation and £250 cashback. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.39% fixed rate for five years
- Product fee: £999
- Maximum loan-to-value: 90%
- Available to: All borrowers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Buy-to-Let
HSBC – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has refreshed its buy-to-let mortgage range with increases across a selection of its products. The five-year deal at 65% loan-to-value has seen a small 0.05% rise and is now priced at 3.89% until 30 November 2030. Landlords should note that the deal comes with a large £3,999 product fee which is partially offset by a free valuation incentive. Despite the increase in rate, this option remains an appealing option and retains its position at the top of its sector. On assessment, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.89% fixed rate to 30.11.30
- Product fee: £3,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Cards
TSB – Platinum Balance Transfer Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from TSB sees it increase the introductory 0% balance transfer term on its Platinum Balance Transfer Card to 35 months. The card takes a competitive position near the top of its sector and offers one of the longest introductory 0% balance transfer terms on the market, which will appeal to borrowers who need more time to pay off existing debt. Further adding to its appeal, it also offers 0% on purchases for three months. However, the balance transfer fee remains at 3.49% for the first three months and it is worth noting borrowers can find lower rates elsewhere. As a result, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 35 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.49% as an introductory charge during the first three months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18.
Savings
Scottish Building Society – Regular Saver
Commenting on the deal, Caitlyn Eastell, Finance Expert at Moneyfactscompare.co.uk, said:
“Scottish Building Society has launched a new variable rate regular savings account this week, which pays a competitive 6.50%. The account grabs a prominent position when compared against its peers and may attract savers who want to build a savings habit. Savers can deposit a maximum of £250 per month and any unused subscriptions can be made up later. Further adding to the account’s appeal, savers can make unlimited withdrawals throughout the 12-month fixed term. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.50% gross / 6.50% AER variable payable on maturity
- Notice / term: 12 months
- Minimum opening amount: £50
- Maximum monthly investment amount: £250
- Access: Permitted
- Further additions: Permitted, providing monthly maximum deposit is not exceeded.
- Opening account: By post and in branch
- Managing account: Online, by phone, by post and in branch
- Other information: Minimum applicant age 18. Joint account option available. Unused subscriptions from previous months can be made up in subsequent months.
Mortgages
Furness Building Society – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Furness Building Society has repriced several deals in its residential range alongside a handful of new launches. One new offering is a five-year fixed rate deal at 90% loan-to-value which is priced at 4.39%. Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it charges a reasonable £999 product fee. This is offset by its lucrative incentive package which includes a free valuation and £250 cashback. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.39% fixed rate for five years
- Product fee: £999
- Maximum loan-to-value: 90%
- Available to: All borrowers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Buy-to-Let
HSBC – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has refreshed its buy-to-let mortgage range with increases across a selection of its products. The five-year deal at 65% loan-to-value has seen a small 0.05% rise and is now priced at 3.89% until 30 November 2030. Landlords should note that the deal comes with a large £3,999 product fee which is partially offset by a free valuation incentive. Despite the increase in rate, this option remains an appealing option and retains its position at the top of its sector. On assessment, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.89% fixed rate to 30.11.30
- Product fee: £3,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Cards
TSB – Platinum Balance Transfer Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from TSB sees it increase the introductory 0% balance transfer term on its Platinum Balance Transfer Card to 35 months. The card takes a competitive position near the top of its sector and offers one of the longest introductory 0% balance transfer terms on the market, which will appeal to borrowers who need more time to pay off existing debt. Further adding to its appeal, it also offers 0% on purchases for three months. However, the balance transfer fee remains at 3.49% for the first three months and it is worth noting borrowers can find lower rates elsewhere. As a result, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 35 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.49% as an introductory charge during the first three months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18.
