It isn't surprising that variable rate mortgage deals have been growing in popularity since last summer, as the Bank of England base rate has remained at its all-time low of 0.5% for well over a year.
As a result, many people looking for a first mortgage or to save money by switching are making the most of the historic low by opting for a variable rate and keeping monthly outgoings as low as possible.
If you're in the market for a mortgage, check out our 3 Year Discount starting at 3.79%*.
Overall cost for comparison is 5.0% APR
*Variable rate is discounted by 1.20% to 3.79% for the first three years then changes to our standard variable rate which is currently 4.99% and remains on our variable rate terms for the rest of the mortgage.
Arrangement Fee of £799 is payable with the application.
An Early Repayment Charge of 5% on the amount repaid will be applied during the first three years, but you can overpay by up to 20% of the loan outstanding per calendar year without charge
Your home may be repossessed if you do not keep up repayments on your mortgage.
Aiming to make more affordable homes available to first-time buyers, the HomeBuy Direct scheme provides an equity loan of up to 30% of the purchase price on specific new build properties.
If you would like to purchase your own home but find that property prices in your area are too high or you don't have the necessary deposit, HomeBuy Direct could be a solution.
We welcome applications from teachers purchasing a home through this scheme and will provide a mortgage for up to 70% of the purchase price, meaning that you may not need a deposit at all.
The big advantage of ISA's is that returns are tax-free, so it makes sense for anyone with money to save to make the ISA their first port of call.
From 6th April this year ISA allowances are increasing, so the maximum amount an individual can now save in a Cash ISA is £5,100 in a tax year. The remainder of the allowance, up to an overall limit of £10,200, can be placed in a Stocks and Shares ISA.
If you're looking for a home for your increased ISA allowance or a great rate for your existing ISA balance, look no further than the Cash ISA Plus.
With a bonus for the first year and a higher rate of interest for larger balances, the Cash ISA Plus is hard to beat and you'll have easy access to your money after the first twelve months, too.
2.75% gross/AER for balances between £3,600 - £24,999 includes a 1.0% bonus for the first 12 months from account opening
3.0% gross/AER for balances over £25,000
includes a 1.25% bonus for the first 12 months from account opening
Three out of five people in Britain do not have a will, yet without one you have no control over what happens to your estate in the event of your death.
It may not be an easy thing to consider, but making a will is imperative if you want to ensure that your wishes are followed when you pass on, and that your nearest and dearest have no unnecessary stress at an already difficult time.
