Savings
Moneybox – Moneybox Cash ISA
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Moneybox has increased a selected rate on its Moneybox Cash ISA this week, the boost sees the account take the market-leading position when compared to its peers. The account now pays 4.75% AER and can be opened with as little as £500. As interest is paid monthly, this may be an enticing option for those wanting to boost their income. However, savers should note this includes a generous 1.30% AER bonus for 12 months, so it is important that they review their deal once this expires. While withdrawals are permitted, savers can only make three penalty-free withdrawals, four or more will result in the rate dropping significantly to just 0.75% AER, so carefully planning and consideration is required. 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: 4.65% gross / 4.75% AER payable monthly (includes a 1.25% gross / 1.30% AER bonus for 12 months, available for new customers only)
- 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. New customers only. Investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range.
Mortgages
Skipton Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside extending end dates, Skipton Building Society has reduced most of its fixed rates by up to 0.29% and launched new deals. Among them is a two-year deal for borrowers with a limited 5% upfront deposit priced at 5.31%. With no fee to pay and a generous incentive package which includes a free valuation and £500 cashback, this may be an enticing option for borrowers looking to save on upfront costs. Skipton Building Society LISA customers can also benefit from an extra £250 cashback on top of the deal’s other incentives. Borrowers can also benefit from making overpayments and payment holidays subject to meeting conditions. When assessed as a whole, this deal takes a competitive position as a Moneyfacts Best Buy and earns an Outstanding product rating.”
Key product details:
- Rate: 5.31% fixed rate to 30.9.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Buy-to-Let
NatWest – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest change from NatWest sees it reduce its fixed rates for landlords by up to 0.18%. One deal to see a slightly smaller 0.10% cut is the five-year deal at 75% loan-to-value, which is now priced at a competitive 5.08%. While a £995 fee is required, this is offset by its free valuation incentive and may entice landlords looking to minimise upfront costs. However, this deal is only available online which some may want to consider. The cut in rate is enough to see the deal sit among the best in its sector and become a Moneyfacts Best Buy, as well as earn an Excellent product rating.”
Key product details:
- Rate: 5.08% fixed rate to 31.8.31
- 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.
Savings
Moneybox – Moneybox Cash ISA
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Moneybox has increased a selected rate on its Moneybox Cash ISA this week, the boost sees the account take the market-leading position when compared to its peers. The account now pays 4.75% AER and can be opened with as little as £500. As interest is paid monthly, this may be an enticing option for those wanting to boost their income. However, savers should note this includes a generous 1.30% AER bonus for 12 months, so it is important that they review their deal once this expires. While withdrawals are permitted, savers can only make three penalty-free withdrawals, four or more will result in the rate dropping significantly to just 0.75% AER, so carefully planning and consideration is required. 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: 4.65% gross / 4.75% AER payable monthly (includes a 1.25% gross / 1.30% AER bonus for 12 months, available for new customers only)
- 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. New customers only. Investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range.
Mortgages
Skipton Building Society – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside extending end dates, Skipton Building Society has reduced most of its fixed rates by up to 0.29% and launched new deals. Among them is a two-year deal for borrowers with a limited 5% upfront deposit priced at 5.31%. With no fee to pay and a generous incentive package which includes a free valuation and £500 cashback, this may be an enticing option for borrowers looking to save on upfront costs. Skipton Building Society LISA customers can also benefit from an extra £250 cashback on top of the deal’s other incentives. Borrowers can also benefit from making overpayments and payment holidays subject to meeting conditions. When assessed as a whole, this deal takes a competitive position as a Moneyfacts Best Buy and earns an Outstanding product rating.”
Key product details:
- Rate: 5.31% fixed rate to 30.9.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Buy-to-Let
NatWest – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest change from NatWest sees it reduce its fixed rates for landlords by up to 0.18%. One deal to see a slightly smaller 0.10% cut is the five-year deal at 75% loan-to-value, which is now priced at a competitive 5.08%. While a £995 fee is required, this is offset by its free valuation incentive and may entice landlords looking to minimise upfront costs. However, this deal is only available online which some may want to consider. The cut in rate is enough to see the deal sit among the best in its sector and become a Moneyfacts Best Buy, as well as earn an Excellent product rating.”
Key product details:
- Rate: 5.08% fixed rate to 31.8.31
- 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.
