You are here: Home - Insurance - News -

Product launches of the week

0
Written by:
10/01/2014
Lloyds Bank launches Help to Buy mortgages; Santander offers new interest-free credit card; Source lists first China A-shares ETF...

MORTGAGES

Lloyds Bank has launched its Help to Buy mortgage products, which will allow homebuyers to access a mortgage with a deposit of as little as 5%.

The product rates, available up to a maximum loan to value of 95%, include a 2 year fixed rate of 5.19% with a £995 fee, for homebuyers with a Lloyds Bank current account.

First Time Buyers and home-movers will be able to apply for Help to Buy mortgages in branches from Friday 3 January.

 

CREDIT CARDS AND LOANS

Santander has launched a new credit card with an interest-free deal lasting 18 months (18.9% after introductory offer).

The card also comes with nine months interest-free on balance transfers. Customers will be charged a 3% transfer fee and no annual fee.

Sainsbury’s Bank has launched a new Sainsbury’s Nectar Credit Card exclusively through MoneySupermaket. 

The card is offering 0% on purchases and balance transfers for 12 months (from account opening), and for those who transfer a balance from another card within six weeks of opening the account, Sainsbury’s Bank will refund the 3% balance transfer fee in Nectar points. Cardholders will be eligible to make as many transfers to their Sainsbury’s Nectar Credit Card as they wish, up to 95% of their credit limit.

Cardholders will also receive double Nectar points on their Sainsbury’s shopping, and two Nectar points per £1 spent on Sainsbury’s fuel (with an additional one point per litre when customers also swipe their Nectar card).

M&S Bank has launched a personal loan with a rate of 4.7% APR (representative) on loans between £7,500 and £15,000, available exclusively for existing M&S current account, credit card and loan customers.

New customers will be able to take advantage of a rate of 4.8% APR (representative) for loans of the same value (£7,500 to£15,000).

Existing M&S Bank customers are also being offered exclusive rates of 6.1% APR for loans between £5,000 and £7,499 and 6.7% APR on loans between £15,001 and £25,000.

 

INVESTMENTS

The Post Office has re-launched its online bond, with rates of up to 2.37% gross/AER fixed.

The new rates and terms are: 1 year – 1.82% gross AER fixed, 2 year – 2.27% gross/AER fixed and 3 year at 2.37% gross/AER fixed.

Exchange traded fund issuer, Source, has listed a physically replicated Chinese A-Share ETF on the London Stock Exchange.

Interested investors can get more information here.

 

PET INSURANCE

The Co-operative Pet Insurance has announced that for a limited time all new pet insurance customers will benefit from a 25% discount online.

The 25% discount offer is available online and begins on 2nd January and ends on 28th February 2014.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week