Savings
Family Building Society – 1 Year Fixed Rate Bond (70)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Family Building Society has launched a new 1 Year Fixed Rate Bond this week. The deal has earned a prominent position as a Best Buy, offering an attractive 4.76% AER yearly, however, savers can also choose to receive their interest monthly. This account is likely to appeal to investors looking to guarantee their returns over the course of a year. As is the case with most fixed bonds, savers will not be able to access their cash for the full term, so it’s crucial that they plan carefully or have a backup plan in place. However, while the account requires a minimum £10,000 deposit, further additions can be made for 15 days from the account opening if investors aren’t happy with their initial amount. On assessment, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.76% gross / 4.76% AER payable yearly, monthly interest option of 4.66% gross / 4.76% AER also available
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 15 days from account opening.
- Opening account: Online
- Managing account: Online, by phone, by post and in branch
- Other information: Minimum applicant age 16. Joint account option available.
Mortgages
Nationwide Building Society – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Nationwide Building Society has made reductions across most of its residential mortgages this week. The five-year option at 85% loan-to-value for homemovers is one which fares best, seeing a cut to 4.57%. This deal takes a competitive position as a Best Buy and is boosted by its lack of fee, its free valuation incentive and up to £500 cashback for qualifying green properties. Borrowers also have the option to make overpayments, which can reduce their overall term, and underpayments are also permitted subject to approval and provided overpayments have been made. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.57% fixed rate for five years
- Product fee: None
- Maximum loan-to-value: 85%
- Available to: Second-time buyers
- Incentives: Free valuation. £250 Green Reward for properties with an EPC score of 86 to 91, or £500 Green Reward for properties with an EPC score of 92+
- Flexible features: Allows overpayments, up to limit of 10%. Underpayments considered subject to approval and overpayments having been made
- Lending area: Great Britain and Northern Ireland (excluding Scilly Isles).
Barclays Mortgage – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Barclays Mortgage sees a handful of reductions across selected fixed rate deals. One deal to see a generous 0.39% cut is the two-year fixed rate at 95% loan-to-value, which is now priced at a competitive 5.11% and earns a position on the Best Buy charts for first-time buyers. This may be an ideal option for borrowers with a limited deposit and looking to save on upfront costs as there are no product fees plus, further strengthening its appeal, is the free valuation incentive. When assessed as a whole, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.11% fixed rate to 30.9.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments up to limit of 10%
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Coventry Building Society – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Second-time landlords searching for a new mortgage may be pleased to see Coventry Building Society is among the latest lenders to make reductions to its buy-to-let range. The five-year option at 65% loan-to-value has seen a cut to 4.81% until 31 December 2031, providing five years of peace of mind. Further adding to its appeal, the deal doesn’t charge any product fees and is strengthened by its free valuation incentive which may help borrowers looking to keep costs down. The deal earns an Outstanding Moneyfacts product rating and solidifies its position as a Moneyfacts Best Buy.”
Key product details:
- Rate: 4.81% fixed rate to 31.12.31
- Product fee: None
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Banking
The Co-operative Bank – Everyday Extra Current Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Consumers looking to switch bank account will be pleased to see that The Co-operative Bank has introduced a new switch incentive on its Everyday Extra account. Consumers who switch using the Current Account Switch Service (CASS) will now receive £125, but this could be boosted by an extra £75 across three months subject to meeting certain criteria. Current accounts can be more than just a place to receive cash; Co-operative Bank customers with the Everyday Extra account can benefit from worldwide travel, mobile and breakdown insurance for just £12 a month, which may work out significantly cheaper than having individual policies. However, it’s crucial that customers make the most of the benefits to avoid overpaying. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £12
- Arranged overdraft: 35.90% EAR
- Opening account: Online
- Managing account: Online, in branch, by phone, via mobile app, by post and at the Post Office
- Other information: Minimum applicant age 18. £125 cashback for accounts switched using the Current Account Switch Service. Must deposit at least £1,500, have two or more active direct debits, make at least five debit card payments, and register for online banking or mobile app within 30 days. Receive £25 per month for up to three months after receiving the £125 switch offer (new customers). Must deposit £1,500 or more, maintain two or more direct debits and make at least five debit card transactions each month. Ts&Cs apply.
Savings
Family Building Society – 1 Year Fixed Rate Bond (70)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Family Building Society has launched a new 1 Year Fixed Rate Bond this week. The deal has earned a prominent position as a Best Buy, offering an attractive 4.76% AER yearly, however, savers can also choose to receive their interest monthly. This account is likely to appeal to investors looking to guarantee their returns over the course of a year. As is the case with most fixed bonds, savers will not be able to access their cash for the full term, so it’s crucial that they plan carefully or have a backup plan in place. However, while the account requires a minimum £10,000 deposit, further additions can be made for 15 days from the account opening if investors aren’t happy with their initial amount. On assessment, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.76% gross / 4.76% AER payable yearly, monthly interest option of 4.66% gross / 4.76% AER also available
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 15 days from account opening.
- Opening account: Online
- Managing account: Online, by phone, by post and in branch
- Other information: Minimum applicant age 16. Joint account option available.
Mortgages
Nationwide Building Society – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Nationwide Building Society has made reductions across most of its residential mortgages this week. The five-year option at 85% loan-to-value for homemovers is one which fares best, seeing a cut to 4.57%. This deal takes a competitive position as a Best Buy and is boosted by its lack of fee, its free valuation incentive and up to £500 cashback for qualifying green properties. Borrowers also have the option to make overpayments, which can reduce their overall term, and underpayments are also permitted subject to approval and provided overpayments have been made. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.57% fixed rate for five years
- Product fee: None
- Maximum loan-to-value: 85%
- Available to: Second-time buyers
- Incentives: Free valuation. £250 Green Reward for properties with an EPC score of 86 to 91, or £500 Green Reward for properties with an EPC score of 92+
- Flexible features: Allows overpayments, up to limit of 10%. Underpayments considered subject to approval and overpayments having been made
- Lending area: Great Britain and Northern Ireland (excluding Scilly Isles).
Barclays Mortgage – Two-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Barclays Mortgage sees a handful of reductions across selected fixed rate deals. One deal to see a generous 0.39% cut is the two-year fixed rate at 95% loan-to-value, which is now priced at a competitive 5.11% and earns a position on the Best Buy charts for first-time buyers. This may be an ideal option for borrowers with a limited deposit and looking to save on upfront costs as there are no product fees plus, further strengthening its appeal, is the free valuation incentive. When assessed as a whole, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.11% fixed rate to 30.9.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments up to limit of 10%
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Coventry Building Society – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Second-time landlords searching for a new mortgage may be pleased to see Coventry Building Society is among the latest lenders to make reductions to its buy-to-let range. The five-year option at 65% loan-to-value has seen a cut to 4.81% until 31 December 2031, providing five years of peace of mind. Further adding to its appeal, the deal doesn’t charge any product fees and is strengthened by its free valuation incentive which may help borrowers looking to keep costs down. The deal earns an Outstanding Moneyfacts product rating and solidifies its position as a Moneyfacts Best Buy.”
Key product details:
- Rate: 4.81% fixed rate to 31.12.31
- Product fee: None
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Banking
The Co-operative Bank – Everyday Extra Current Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Consumers looking to switch bank account will be pleased to see that The Co-operative Bank has introduced a new switch incentive on its Everyday Extra account. Consumers who switch using the Current Account Switch Service (CASS) will now receive £125, but this could be boosted by an extra £75 across three months subject to meeting certain criteria. Current accounts can be more than just a place to receive cash; Co-operative Bank customers with the Everyday Extra account can benefit from worldwide travel, mobile and breakdown insurance for just £12 a month, which may work out significantly cheaper than having individual policies. However, it’s crucial that customers make the most of the benefits to avoid overpaying. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £12
- Arranged overdraft: 35.90% EAR
- Opening account: Online
- Managing account: Online, in branch, by phone, via mobile app, by post and at the Post Office
- Other information: Minimum applicant age 18. £125 cashback for accounts switched using the Current Account Switch Service. Must deposit at least £1,500, have two or more active direct debits, make at least five debit card payments, and register for online banking or mobile app within 30 days. Receive £25 per month for up to three months after receiving the £125 switch offer (new customers). Must deposit £1,500 or more, maintain two or more direct debits and make at least five debit card transactions each month. Ts&Cs apply.
