Product launches of the week
NatWest has lowered the interest rate on its Help to Buy mortgage guarantee scheme from 5.69 per cent to 5.45 per cent fixed for two years.
Shareamortgage.com has launched the ‘Help Your Child Buy’ scheme, which allows parents to gift, loan or guarantee funds towards their child’s mortgage.
Virgin Money has cut its buy-to-let rates by up to 0.80 per cent.
Leeds Building Society has launched two new five year deals on Thursday, 14th August to add to its portfolio of fixed rate mortgages: 3.64 per cent available up to 80 per cent LTV (loan to value) with a free standard valuation up to £335, free in-house legal services for remortgages and a £399 fee; and 3.54 per cent available up to 75 per cent LTV with a £599 fee.
Legal & General has launched new car insurance coverage, available directly and online, which comes with one year’s free UK Roadside and Recovery Breakdown cover and Keycare cover worth over £80.
Paragon Bank is offering a 120 day notice savings account with 1.9 per cent interest on balances between £500 and £100,000.
Pockit.com, the prepaid MasterCard provider, has launched a card that is free to load online and spend anywhere in the UK. The initial purchase fee is 99p. UK ATM withdrawals incurr a 99p charge, as does loading cash at PayPoints.