MORTGAGES

Virgin Money has cuts its two-year fixed rate product at 60% LTV to 2.13% with a £995 product fee while its fee saver option is available at 2.49%.

Five products have been changed at 70% LTV, including the launch of a two-year fix at 2.19% with, while two-year fixes are available at 3.05% and 3.49% at 80% and 85% LTV respectively. All three products come with a product fee of £995.

Norwich & Peterborough Building Society has launched a fee-free 10-year fixed rate mortgage for under 4%.

It will offer the mortgage at 3.84% on properties across England and Wales. As well as being fee-free the lender includes a free valuation, free legal fees for remortgagors and £200 cash back for purchasers.

Santander has launched its first mortgages under the government’s Help to Buy equity loan scheme. Products are available at 75% with a further 20% equity loan contributed by government. These include a two-year fixed at 3.29%, a five-year fixed at 3.49% and two-year tracker at 3.29%.
The lender will offer these mortgages with a free valuation, no booking fees and £250 cashback on completion

Legal & General Mortgage Club has launched an exclusive two year fixed-rate at 2.89% with Skipton Building Society. The deal is available up to 80% LTV for both purchases and remortgages. The product offers a £495 fee, a free valuation and waived legal fees for remortgage customers.

Leeds Building Society has launched a ‘Holiday Let’ mortgage range. The mutual does not expect borrowers to rent the property out 52 weeks per year, and there is no limit on the number of weeks they may spend on holiday there. Borrowers must show an average rental income which is 130% of the mortgage repayments over the year as a whole.

CREDIT CARDS

Nationwide Building Society is increasing the length of its interest-free balance transfer offer for 26 months and reducing its balance transfer fee of 2.4% on both the Select Credit Card and Nationwide Credit Card for all new customers.

The card has a 17.9% APR representative (variable) and the Select Credit Card has a 15.9% APR representative

Barclaycard has extended the length of its balance transfer period to 28 months, the longest interest free period in the current market – with a balance transfer fee of 3.5%.It has also extended its 26 month interest free balance transfer term to 27 months with a balance transfer fee of 2.99%.

ISAs

The Post Office has launched an easy access tax-free cash ISA paying 1.75% tax-free. Savers can put in anything from £100 to £5,760 as well as transfer in other cash ISAs saved.

The interest rate includes a bonus of 0.5% that lasts 18 months from account opening. After this, the rate reverts to 1.24%. Two withdrawals are permitted each tax year.

LONG TERM CARE

Valuing Care FM has launched a new website and app, the first of its kind; Valuing Care Fees Calculator. The app is aimed at those seeking private care home places, the free calculator assesses whether the quoted fee received from the care provider is value for money.

See more here.