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The latest product launches

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Written by:
13/01/2015

Mortgages

Leeds Building Society has launched a range of new mortgages, including a 1.6% two year deal for borrowers with a loan-to-value of 65%. For those with a smaller deposit, there are two-year discount mortgages available with up to 90% and 95% LTV at 2.55% and 3.55% respectively. Both carry a fee of £500.

Halifax has reduced rates across its two and five-year first-time buyer, home mover and remortgage ranges by up to 0.45%. For example its two-year fixed and tracker rates at 60% LTV are being reduced by up to 0.45% with rates from 1.49% tracker and 1.64% fixed.

Skipton Building Society has launched a range of fee-free two-year discount rate mortgages, available for purchase and remortgage. The new range, which includes a 1.69% rate on 50% loan-to-value (LTV) also has a free valuation and, for remortgages, free standard legals.

Barclays has launched the UK’s lowest ever 10-year fixed rate mortgage at 2.99% for up to 60% loan-to-value (LTV). An application fee of £99 is applicable. It has also reduced the rates on some of its two year and five year fixed rate products.

Investment

Standard Life Wealth has extended the range of portfolios available on its managed portfolio service with the launch of five Conventional portfolios. Standard Life Wealth said Conventional portfolios 1, 2 and 3 are designed for clients who wish to draw an income, while 4 and 5 suit those seeking capital growth with a higher attitude to risk.

Bank accounts

M&S Current Account customers will now have access to a high rate monthly savings account with a rate of 6 per cent AER/ gross1. The M&S Current Account, which launched in May 2014, is the first M&S current account with no monthly fee. M&S Current Account customers can save up to £250 a month into the savings account, with the potential to earn over £97 in interest over a 12 month period.

HSBC credit cards are now available to those without an HSBC current account. New and existing customers can apply for a credit card on HSBC’s website. The card features its best ever balance transfer offer, launched in early December, which is a 34-month interest-free period on balance transfers.

Halifax is improving its All in One credit card by reducing the fee on balance transfers to 1% for balances transferred in the first 90 days. Customers applying in branch who also switch their current account to Halifax will be able to transfer existing balances with no fees at all.

Nationwide Building Society is offering a significantly reduced balance transfer fee on its credit cards from today. A lower fee of 0.35% (from 0.65%) for Credit Card customers and 0.25% (from 0.55%) for Select Credit Card3 customers is available to those who opt for the 15-month balance transfer offer and undertake a balance transfer in the first three months of the card being opened.

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