Savings
The Stafford Building Society – Notice 180
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week The Stafford Building Society has re-launched a handful of its notice accounts. The Notice 180 fares best and now pays the market-leading rate at 4.61%. This may be an enticing option for savers who want to maintain some flexibility but get higher returns compared to an easy access account. Savers will need to invest at least £5,000 but further additions are permitted at any time. It is important to note that this account only permits up to two withdrawals per society year, and they are subject to giving 180-days’ notice, so they should be considered carefully. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.61% gross / 4.61% AER payable yearly
- Notice / term: 180 days
- Minimum opening amount: £5,000
- Maximum investment amount: £450,000
- Access: Permitted, subject to 180 days’ notice given. Up to two withdrawals permitted per society year (1 November – 31 October).
- Further additions: Permitted
- Opening account: Online, by post and in branch
- Managing account: By post and in branch
- Other information: Minimum applicant age 16. Joint account option available.
Mortgages
Virgin Money – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Virgin Money has reduced selected fixed rates in its residential range by up to 0.24% this week. The five-year fixed rate option at 95% loan-to-value has seen a smaller reduction of 0.03%. The deal is now priced at 4.69% until 1 April 2031, this may be an enticing deal for borrowers on a limited deposit looking to keep costs low because there is no payable fee and it comes with 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 deal now sits among the best in its sector, earning an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.69% 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 – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“NatWest has reduced some of its buy-to-let fixed rates by up to 0.11%. The five-year deal at 60% loan-to-value has seen a slightly smaller 0.08% cut and is now priced at 3.92% until 30 April 2031. Borrowers may note that there is a reasonable £995 product fee, which is then offset by its free valuation incentive, so this may still be an attractive choice for those looking to keep costs low. However, this deal is only available online which some may want to consider. On assessment, the move strengthens its appeal and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.92% fixed rate to 30.4.31
- 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
The Stafford Building Society – Notice 180
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week The Stafford Building Society has re-launched a handful of its notice accounts. The Notice 180 fares best and now pays the market-leading rate at 4.61%. This may be an enticing option for savers who want to maintain some flexibility but get higher returns compared to an easy access account. Savers will need to invest at least £5,000 but further additions are permitted at any time. It is important to note that this account only permits up to two withdrawals per society year, and they are subject to giving 180-days’ notice, so they should be considered carefully. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.61% gross / 4.61% AER payable yearly
- Notice / term: 180 days
- Minimum opening amount: £5,000
- Maximum investment amount: £450,000
- Access: Permitted, subject to 180 days’ notice given. Up to two withdrawals permitted per society year (1 November – 31 October).
- Further additions: Permitted
- Opening account: Online, by post and in branch
- Managing account: By post and in branch
- Other information: Minimum applicant age 16. Joint account option available.
Mortgages
Virgin Money – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Virgin Money has reduced selected fixed rates in its residential range by up to 0.24% this week. The five-year fixed rate option at 95% loan-to-value has seen a smaller reduction of 0.03%. The deal is now priced at 4.69% until 1 April 2031, this may be an enticing deal for borrowers on a limited deposit looking to keep costs low because there is no payable fee and it comes with 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 deal now sits among the best in its sector, earning an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.69% 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 – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“NatWest has reduced some of its buy-to-let fixed rates by up to 0.11%. The five-year deal at 60% loan-to-value has seen a slightly smaller 0.08% cut and is now priced at 3.92% until 30 April 2031. Borrowers may note that there is a reasonable £995 product fee, which is then offset by its free valuation incentive, so this may still be an attractive choice for those looking to keep costs low. However, this deal is only available online which some may want to consider. On assessment, the move strengthens its appeal and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.92% fixed rate to 30.4.31
- 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.
