Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

UK Savings Virgin 3% ISA; Mortgages Leeds Building Society 2.39% Fix

Personal_Finance / Mortgages Sep 05, 2013 - 08:58 PM GMT

By: MoneyFacts

Personal_Finance

The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

Brief product details together with independent Moneyfacts analysis can be used with confidence in your finance sections. You can select one or two products to sit beside a relevant story or use them all as a general feature.


Savings

Secure Trust Bank

Secure Trust Bank has launched a market-leading five-year fixed rate bond paying 3.01% yearly. Savers can invest from £1,000 up to a maximum of £1 million. No early access or additions are permitted. This deal is available to savers aged 18 and over and can be operated by post and telephone and taken out online.

This brand new bond from Secure Trust Bank becomes the top paying five-year fixed bond on the market. At 3.01%, it’s only bested by a seven-year bond available elsewhere. As with most other fixed accounts, savers won’t be able to access their money early or top up the investment so they need to be content with their initial deposit.

Virgin Money

Virgin Money has improved the rate on its three-year fixed ISA paying 2.20% yearly. Savers can invest from as little as £1. ISA transfers in are permitted but transfers out will be subject to 120 days loss of interest. This deal is available to savers aged 16 and over. There is the online only ISA option or the branch and postal option, which allows access through all channels.

Savers who have yet to utilise their ISA allowance or those who want to switch to a good deal will appreciate this option from Virgin Money. Unlike many best buy ISAs this deal allows transfers in, whilst for those starting up the savings habit it has a small requirement of £1 to be deposited. With a rate of 2.20% over a three-year fixed period it sits comfortably in the top ten deals of the same term.

Mortgages

Leeds Building Society

Leeds Building Society has launched a new two-year fixed rate deal priced at 2.39% to 30.11.15. This deal is available to house purchase customers who borrow a minimum of £5,000, whilst £25,000 plus is the minimum for remortgage customers at 65% loan-to-value. A fee of £199 is payable. House purchase customers get a package of free valuation, up to a maximum cost of £335, included. Remortgage customers will benefit from free legal fees. Customers can make overpayments up to a maximum of 10% of the outstanding balance.

Leeds Building Society has launched a good two-year fixed package priced at 2.39%. While there are lower rates available elsewhere on a similar term, this deal benefits house purchase customers with a free valuation incentive and remortgage customers with free legal fees. The low upfront fee of £199 is also reasonable, helping borrowers trying to keep upfront costs down.

HSBC

HSBC has improved its variable rate tracker mortgage now priced at 2.69% (Base Rate + 2.19%). This deal is available to all customers up to a maximum of £1 million at 70% loan-to-value. There is no upfront fee and for those remortgaging an incentive of free legal fees is available. All other borrowers will benefit from free valuation fees. This deal also has the added flexibility of allowing overpayments.

Already a ‘Moneyfacts Best Buy’ this deal has been further improved by a rate cut and maintains its incentive package of free valuation for all borrowers and free legal fees for those who remortgage. This package combined with no upfront fee will be ideal for customers who may struggle to pay for upfront costs. As it’s a variable deal customers will need to keep a close eye on the rate and future interest rate announcements.

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in