Savings

Charter Savings Bank – 1 Year Fixed Rate Cash ISA

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

“Charter Savings Bank has increased the rates on its range of Fixed Rate Cash ISAs by up to 0.16%. The one-year option now offers a market leading rate, it pays 4.30% AER on its anniversary but there is also a monthly interest option for those looking to boost their income. Savers will need to put away at least £5,000, however, further additions are permitted for 30 days via a nominated account. It is worth noting that although earlier access is permitted, it will be subject to 90-days loss of interest penalty, so this should be carefully considered. Savers can also choose to split their Cash ISA savings across multiple ISAs within Charter’s range, which may be an added bonus for some. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.30% gross / 4.30% AER payable on anniversary, monthly interest option of 4.22% gross / 4.30% AER
• Notice / term: One year
• Minimum opening amount: £5,000
• Maximum investment amount: £1.5 million
• Access: Permitted, subject to 90-day loss of interest penalty
• Further additions: Permitted, for 30 days from account opening via nominated account
• Transfers in: Permitted, allows Cash and Stocks and Shares ISAs
• Transfers out: Permitted, subject to 90-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Charter’s range.

Mortgages

Virgin Money – Five-year fixed rate mortgage, 95% loan-to-value

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

“Alongside extending end dates and making a handful of withdrawals, Virgin Money has reduced selected fixed rates in its residential mortgage range. It’s five-year deal at 95% loan-to-value has seen a 0.05% cut and is now priced at 4.72% until 1 April 2031. This deal may appeal to those looking to keep costs low as there is no fee and it also offers a generous incentive package which includes a free valuation and £300 cashback. Borrowers may also note that overpayments and payment holidays are permitted subject to arrangement, which may be a bonus. As such, this strengthens the deal’s position as a Moneyfacts 'Best Buy’ and earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.72% fixed rate to 1.4.31
• Product fee: None
• Maximum loan-to-value: 95%
• Available to: First-time buyers
• Incentives: Free valuation and £300 cashback
• Flexible features: Allows overpayments and payment holidays
• 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 reduced rates across most of its buy-to-let fixed rates, including the two-year ‘online exclusive’ deal. Available at 75% loan-to-value, it has seen a 0.08% cut and is now priced at 4.00% until 29 February 2028. There is a reasonable £995 product fee which can be paid upfront or added to the advance, however, this is offset by a free valuation incentive. It is worth noting that this deal is only available online. On assessment, the move improves its appeal and earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.00% fixed rate to 29.2.28
• Product fee: £995
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland. Online exclusive deal.