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Product launches of the week

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08/11/2013
Leeds Building Society launches a range of 2/3 year fixed rate deals; Hargreave Hale unveils a £20m fundraise for its AIM VCT; new low cost mobile broadband service launched.

UTILITIES

Newly launched MobiData is an ultra-low cost mobile broadband service offering data from 99p/GB per month.

The MobiData free SIM has no long term contracts or complicated pricing plans while providing instant access to the largest, lowest cost, continuously speedy and truly mobile broadband network in the world.

MORTGAGES

Leeds Building Society has launched a range of 2 and 3 year fixed rate deals for those customers looking to remortgage.

These products (available through a broker) all offer free standard valuations up to £335 and free in-house legal services for standard re-mortgages. All the offers have total fees of £999, with a maximum loan size of £500,000.

Virgin Money has launch three new fixed rate residential mortgages.

The products will be offered exclusively through Virgin Money’s intermediary partners from Wednesday 6 November 2013, for a limited period of two weeks only.

INVESTMENT

Hargreave Hale has launched a £20m fundraise for its AIM VCT range. The offer for subscription, which is available to both new and existing investors, aims to raise £10m of new ordinary shares in both Hargreave Hale AIM VCT 1 and Hargreave Hale AIM VCT 2.

Nicola Horlick, the well-known city investor and business woman, has announced her intention to launch Money&Co, a new crowdfunding business aiming to connect investors looking for a better rate of interest on their cash with businesses seeking finance.

Set to launch in early 2014, Money&Co will provide businesses with an alternative route to finance by bypassing bank lending, which has been falling since 2009.

Investec Structured Products has launched the Objective Returns Income Booster Fund.

The Fund aims to generate a target income of 7.5% a year with the potential for capital growth over the medium term.

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