Product launches of the week
Lloyds Bank has extended its offer of a free iPad for first-time buyers and homemovers on completion of their mortgage. Mortgage customers will receive an iPad mini 4G delivered to their home address within days of the mortgage completion.
ASDA Money will be having a currency sale from 17 December to 19 December.
P2P lender Landbay is offering £50 John Lewis vouchers to any new or existing customer who deposits £2,000 or more in their Landbay account on or before 19 December.
Ethical investment platform Abundance is offering existing and new investors two per cent uplift to any investment made between now and the end of the year.
Nationwide has reduced rates on selected five and two year fixed mortgages by 0.3 per cent. The cuts are part of the Nationwide Loyalty Rate Mortgages initiative, which compares Nationwide’s rates to those of its top six high street competitor. The rates are available only to existing customers.
Specialist buy-to-let lender Paragon Mortgages has launched a 4 per cent lifetime tracker ahead of Christmas with a 1.5 per cent fee at 65 per cent Loan-to-Value (LTV) and a range of products for self-contained units.
Leeds Building Society has refreshed its range of two and three year fixed rate mortgages. Rates start at 1.94 per cent up to 65 per cent LTV.
Coventry Building Society has cut rates by up to 0.26 per cent on its residential range. Rates start at 2.59 per cent up to 85 per cent LTV.
Teachers BS has launched two new mortgages to cater for education professionals up to the age of 83. The new products are aimed at teachers and others working within education who are nearing retirement or who have already retired.
The Teachers Later Years Home Purchase Mortgage is a 1 per cent discount for two years off Teachers’ 4.99 per cent Standard Variable Rate, giving a pay rate of 3.99 per cent. It comes with an £899 arrangement fee and a £99 application fee. The deal is available up to 75 per cent LTV for working applicants and 50 per cent LTV for retired applicants.