Savings
Kent Reliance – 1 Year Fixed Rate Cash ISA – Issue 9
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Kent Reliance has increased the rates on a handful of its fixed rate cash ISAs this week, including its 1 Year Fixed Rate Cash ISA – Issue 9. The account is just shy of the leading Best Buy position; however, the boost improves its standing in the top 10 and now pays a highly competitive 5.02% on its anniversary. Savers also have the option of choosing monthly interest. This deal may be an enticing option for those looking to make the most of their ISA allowance and guarantee their returns for the next year. Savers must invest at least £1,000 but further additions are permitted for 30 days from opening via a nominated account, and those with larger balances may be pleased to see that they can deposit as much as £900,000. As is the case with many fixed rate ISAs, investors who wish to access their cash early can do so via nominated account, however, this is subject to a 90-day loss of interest penalty which should be considered by savers. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.02% gross / 5.02% AER payable on anniversary, monthly interest option of 4.91% gross / 5.02% AER
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £900,000
- Access: Permitted, early access subject to 90-day loss of interest penalty via nominated account
- Further additions: Permitted, for 30 days from account opening via nominated account
- Transfers in: Permitted. Allows Cash and Stocks & Shares ISAs, Help to Buy ISAs, Lifetime ISAs and Innovative Finance ISAs. Transfer requests must be made within 30 days of account opening
- 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 Kent Reliance’s range.
Mortgages
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“In its latest update to its residential range, Santander has reduced selected fixed rates by up to 0.20%. One option to see a cut is the two-year deal for remortgage customers at 60% loan-to-value, which is now priced at 4.92% to 2 February 2029. The mortgage may be an attractive option for borrowers looking to save on upfront costs as it comes with a small £999 fee and a generous incentive package, which includes a free valuation and either £250 cashback or free legal fees. When considered as a whole, the reduction is enough to earn this deal an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.92% fixed rate to 2.2.29
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Remortgage customers
- Incentives: Free valuation and either £250 cashback or free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
NatWest – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week NatWest has reduced selected fixed rates in its buy-to-let portfolio by up to 0.15%. One option to see a slightly smaller cut is the two-year 60% loan-to-value deal for house purchase landlords. It is now priced at a competitive 5.01%, which sees it take the top position as a Best Buy when compared to its peers. Alongside the rate cut, landlords can expect a reasonable £995 fee and a free valuation incentive, which may make it an ideal option for those looking to keep initial costs low. On assessment the deal earns an Outstanding product rating.”
Key product details:
- Rate: 5.01% fixed rate to 28.2.29
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
Savings
Kent Reliance – 1 Year Fixed Rate Cash ISA – Issue 9
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Kent Reliance has increased the rates on a handful of its fixed rate cash ISAs this week, including its 1 Year Fixed Rate Cash ISA – Issue 9. The account is just shy of the leading Best Buy position; however, the boost improves its standing in the top 10 and now pays a highly competitive 5.02% on its anniversary. Savers also have the option of choosing monthly interest. This deal may be an enticing option for those looking to make the most of their ISA allowance and guarantee their returns for the next year. Savers must invest at least £1,000 but further additions are permitted for 30 days from opening via a nominated account, and those with larger balances may be pleased to see that they can deposit as much as £900,000. As is the case with many fixed rate ISAs, investors who wish to access their cash early can do so via nominated account, however, this is subject to a 90-day loss of interest penalty which should be considered by savers. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.02% gross / 5.02% AER payable on anniversary, monthly interest option of 4.91% gross / 5.02% AER
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £900,000
- Access: Permitted, early access subject to 90-day loss of interest penalty via nominated account
- Further additions: Permitted, for 30 days from account opening via nominated account
- Transfers in: Permitted. Allows Cash and Stocks & Shares ISAs, Help to Buy ISAs, Lifetime ISAs and Innovative Finance ISAs. Transfer requests must be made within 30 days of account opening
- 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 Kent Reliance’s range.
Mortgages
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“In its latest update to its residential range, Santander has reduced selected fixed rates by up to 0.20%. One option to see a cut is the two-year deal for remortgage customers at 60% loan-to-value, which is now priced at 4.92% to 2 February 2029. The mortgage may be an attractive option for borrowers looking to save on upfront costs as it comes with a small £999 fee and a generous incentive package, which includes a free valuation and either £250 cashback or free legal fees. When considered as a whole, the reduction is enough to earn this deal an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.92% fixed rate to 2.2.29
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Remortgage customers
- Incentives: Free valuation and either £250 cashback or free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
NatWest – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week NatWest has reduced selected fixed rates in its buy-to-let portfolio by up to 0.15%. One option to see a slightly smaller cut is the two-year 60% loan-to-value deal for house purchase landlords. It is now priced at a competitive 5.01%, which sees it take the top position as a Best Buy when compared to its peers. Alongside the rate cut, landlords can expect a reasonable £995 fee and a free valuation incentive, which may make it an ideal option for those looking to keep initial costs low. On assessment the deal earns an Outstanding product rating.”
Key product details:
- Rate: 5.01% fixed rate to 28.2.29
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
