BRITS struggling to get the money together for a deposit can now get a mortgage without one - as long as a family member contributes 10 per cent of the property purchase price from their own savings. But as a perk for lending the cash, the new "Lend A Hand" mortgage from Lloyds Bank will pay family members 2.5 per cent in interest on the money they deposit. The three-year mortgage, which is available to borrowers in England and Wales needing an up to 100 per cent loan, is fixed at 2.99 per cent. It's available on mortgages of up to £500,000 over a maximum period of 30 years. There's no fee and you can also bag £500 cashback once you've completed, plus an additional £300 to help cover legal costs - although the cashback offer can be withdrawn at any time. But be warned that you can't take the mortgage with you if you move; so you need to be sure you're going to stick in your new home for at least three years or know you can repay the entire mortgage in that time. You also … [Read more...] about Lloyds Bank launches new 100% mortgage with NO deposit – but your parents must sign up 10% of their savings
Bank deals new account
ICICI Bank launches new best buy easy access savings account with 1.55% rate
ICICI BANK has just launched an easy-access savings account paying 1.55 per cent in interest, knocking rivals from the top of the best buy tables. The last provider to offer a rate of 1.55 per cent was Nottingham Building Society at the end of October, but the deal was so popular that the small provider withdrew it after just two days. Yet experts expect this account to stay around for a while - but as always there's no guarantee. The new HiSAVE Bonus Saver Account by ICICI Bank, currently India's second largest bank, beats its rivals by 0.05 percentage points. Since Marcus Bank, the retail arm of investment bank Goldman Sachs, launched its savings account at a 1.5 per cent rate in September 2018, more and more banks have done the same with Virgin Money and West Brom Building Society now also offering 1.5 per cent rates. ICICI Bank's account comes with 1.25 per cent interest rate plus a 0.3 per cent bonus for 12 months, so after a year you'll want to review the account as the rate … [Read more...] about ICICI Bank launches new best buy easy access savings account with 1.55% rate
Aldermore Bank launches new top 2.05% fixed rate savings account – but you’ll have to lock cash away for three years
SAVERS can cash in on chart-topping interest rates with two new accounts launched by Aldermore Bank - but you'll need to be prepared to lock your money away for up to three years. The bank has launched two new Isa savings accounts including one that offers a top rate of 2.05 per cent for a minimum deposit of £1,000. An Isa lets you save cash tax-free which means you can earn interest on savings up to £20,000 a year without facing any Government deductions. Some accounts offer even better rates but you'll need an even bigger deposit of £5,000 - so this is the top deal for those with £1,000 to tuck away. The Aldermore Isa offers the highest rate on a three-year fixed deal and will see your savings boosted by up to £63.37 if you lock away £1,000. Of course, the more you put in the greater the earnings. What are the best fixed-rate cash Isas?RATES on cash Isas vary depending on how much money you pay for the initial deposit. The bigger the deposit, the better … [Read more...] about Aldermore Bank launches new top 2.05% fixed rate savings account – but you’ll have to lock cash away for three years
Martin Lewis reveals how you can get £150 FREE cash by switching banks in New Year money saving deals
MARTIN Lewis has revealed his top money saving deals for the New Year including how you can get free cash by switching banks. The financial expert spoke on ITV's Good Morning Britain about a range of sales on offer this month, so you can bag a bargain as we head into 2019. Rail fares have risen by 3.1 per cent but Martin gave some handy tips on how you can make your railcard last longer. For example if you buy your railcard the day before you turn 31, you can use it up to the age of 32. And if you're eligible for a 16-25 railcard, you can purchase the three year railcard the day before you turn 24 so it'll last up to the age of 27. If you're looking to grab a bargain in the January sales, he also explained how retailers are boosting their sales by up to 70 per cent with more set to follow. How to earn cash by switching bank accounts? After ditching free cash incentives in the middle of last year, First Direct has now bought back its switching bonus of £100. Martin highlighted how … [Read more...] about Martin Lewis reveals how you can get £150 FREE cash by switching banks in New Year money saving deals
Customers with THESE bank accounts could be owed £1,000s: Money Saving Expert reveals all
MONEY Saving Expert says customers who were mis-sold certain bank accounts could be owed thousands. By Christine Younan / Published 27th September 2018 GETTY STOCK IMAGE MONEY SAVING TIPS: Martin Lewis' website claims people could be owed thousands by their banks (Pic: GETTY STOCK IMAGE) According to Martin Lewis’ Money Saving Expert website, one customer has already managed to claim £3,000 from their bank.The website states that many Brits, who own package accounts, could be owed thousands by their bank.Some current accounts that offer extra benefits such as travel insurance, phone cover or breakdown cover as known as package accounts.Customers have to pay a monthly fee for the added extras, which can be anything from £9.95 (TSB Silver) to £19 (NatWest Reward Platinum). But sometimes the rates are better when you buy insurance separately. Related Articles Money Saving Expert Martin Lewis reveals 'outrageous' new changes to UK passports How to … [Read more...] about Customers with THESE bank accounts could be owed £1,000s: Money Saving Expert reveals all