Pick of the Week - 15.09.16

Thursday, 15 September 2016
money

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

Close Brother Savings

Close Brothers Savings has tweaked its three-year fixed rate bond, which now pays 1.60% upon anniversary. Savers must invest from £10,000 up to a maximum of £2 million. Additions and early access to funds are not permitted. This deal is for savers aged 18 and over and must be operated by post.

The 1.60% three-year fixed rate bond is highly competitive and consequently enters the Moneyfacts.co.uk Best Buys. With a decent rate this is likely to be a popular choice for anyone looking to fix for a significant time. However, with no early access to funds savers must be sure they are happy with their initial deposit.

Hampshire Trust Bank

Hampshire Trust Bank has reviewed its five-year fixed rate bond, which now pays 2.00% upon its anniversary. Savers must invest from £1,000 up to a maximum of £250,000. Additions and early access to funds are not permitted. This deal is for savers aged 18 and over and must be operated by post.

Savers looking for a long-term home for their savings will be intrigued by this latest update from Hampshire Trust Bank. Paying 2.00%, this deal heads straight for the Moneyfacts.co.uk Best Buys. Savers are advised to carefully consider the fixed term and their initial deposit, as access to funds is not permitted.

Mortgages

Halifax

Halifax has reduced its five-year Help to Buy fixed rate, which is now priced at 4.39% to 30.11.21. This deal is for first-time buyers only who wish to borrow up to £570,000 at 95% loan-to-value. A fee of £495 is payable, all of which can be added to the advance of the mortgage. An incentive package of £1,000 cashback is available. This deal has the flexibility of being able to make overpayments up to 10% of the outstanding balance and take payment holidays.

Prospective first-time buyers with a small deposit will be delighted by this latest update from Halifax. Now priced at 4.39%, this five-year fixed rate enhances its position in the Moneyfacts.co.uk Help to Buy mortgage chart. With the added bonus of a £1,000 cashback, this is likely to be a popular choice for those looking to get on the first rung of the property ladder.

Halifax’s lending area includes Scotland.

Leek United Building Society

Leek United Building Society has launched a new three-year fixed rate mortgage, priced at 2.49% to 31.12.19. This deal is for all applicants who wish to borrow from £25,000 at 90% loan-to-value. A fee of £995 is payable, £895 of which can be added to the advance of the mortgage. An incentive package of refunded valuation is available. This deal comes with the flexibility to make overpayments of up to 10% of the mortgage advance.

The new 2.49% three-year fixed rate mortgage from Leek United Building Society is highly competitive as the current market-leader in its sector. This deal therefore earns a place in the Moneyfacts.co.uk Best Buys and is likely to be an attractive choice for many.

Leek United Building Society’s lending area does not include Scotland.

Loans

Ikano Bank

Ikano Bank has reduced the rate on its unsecured personal loans of £5,000 to £7,499. Customers can now apply for this competitive loan with a term of one to five years at a rate of 3.8% APR. Customers must be 18 and over with a minimum income over £10,000 per year. Applications must be made online.

Ikano Bank improves its ‘outstanding’ Moneyfacts personal loan rating following a reduction to its £5,000 to £7,499 tier. This deal is highly competitive, making it an ideal choice for anyone looking to consolidate their debts.


Notes to editors

Publications are free to reproduce the tables and comments for their readers and the correct sourcing should read Moneyfacts.co.uk. Online publications are also free to reproduce the tables and comments for their viewers by sourcing a hyperlink to Moneyfacts.co.uk on any page that uses the information provided.

About Moneyfacts

Moneyfacts is the UK's leading independent provider of personal finance information. For two decades, Moneyfacts' information has been the key driver behind many personal finance decisions.

Moneyfacts.co.uk is a completely independent comparison site that helps consumers make better financial decisions. Our constantly reviewed Best Buys help people find the best savings rates and credit cards while our mortgage calculator and loan calculator search the whole market to find the best products.

Moneyfacts also supplies Best Buy charts to many of the UK national and regional newspapers. Our dedicated research experts produce five monthly publications as well as providing real-time news and data services to the majority of banks and building societies. Additional information can be found at www.moneyfactsgroup.co.uk.

Contact us

If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.


Press Office Rachel Springall - Finance Expert
T: 01603 476210
M: 07803 145643
E: rspringall@moneyfacts.co.uk
Charlotte Nelson - Finance Expert
T: 01603 476204
M: 07872 543262
E: cnelson@moneyfacts.co.uk

Follow us at: http://twitter.com/MoneyfactsPress
An ISDN line is available for broadcast: 01603 230551

Moneyfacts.co.uk on Facebook