Everyday personal financial information you may need. The following information is for your general use as a guide to some of the leading products in the market place this month. Information given is for general guidance only and specific advice should be taken before acting on any suggestions made. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The value of shares and investments can go down as well as up. Worldwide Financial Planning Limited is authorised and regulated by the Financial Conduct Authority.
Have a look at the following Best Buys information – it may save you money.
Mortgage Best Buy Table, May 2015
These are some of the leading mortgage rates in the UK based on a 25-year Interest Only mortgage of £90,000 on a property valuation of £180,000. This is an illustration of what you might expect to pay per month. Source: Trigold 12th May 2015
2 Year Fixed Rate
| Interest Rate | 1.41% Fixed Until 31/07/2017 Changing to… | A Variable Rate which is currently 4.99% for the remainder of the term. | The overall cost for comparison is 4.7% APR |
|---|---|---|---|
| Monthly Repayment | £105.75 | £374.25 Variable | |
| Cash Back | |||
| An early repayment charge is payable if you repay all or part of this mortgage within the scheme period. |
5 Yr Fixed Rate
| Interest Rate | 1.99% Fixed until 30/06/2020 Changing to… | A Variable Rate which is currently 3.99% for the remainder of the term. | The overall cost for comparison is 3.7% APR |
|---|---|---|---|
| Monthly Repayment | £149.25 | £299.25 Variable | |
| Cash Back | |||
| An early repayment charge is payable if you repay all or part of this mortgage within the scheme period. |
2 Yr Tracker Rate
| Interest Rate | A Tracker Rate which is 0.59% above the BOE base rate giving a current rate payable of 1.09% until 31/07/2017 Changing to… | Variable Rate, currently, 3.99% for the remainder of the term. | The overall cost for comparison is 3.9% APR |
|---|---|---|---|
| Monthly Repayment | £81.75 | £299.25 Variable | |
| Cash Back | |||
| An early repayment charge is payable if you repay all or part of this mortgage within the scheme period. |
Your home may be repossessed if you do not keep up repayments on your mortgage.
You can choose how we are paid. You can pay purely on a fee basis as an upfront fee of £750. Alternatively you can pay us fee of £95 and we will also receive a fee from the lender in the form of a commission generally displayed as a percentage of the loan. For example if the fee we receive is 0.25% of the loan and the loan is £50,000 then we will receive a commission from the lender of £125.
UNSECURED LOANS
| Provider | Loan Amount | Repayment Period | Representative APR | Monthly Repayment | Total Repayable |
|---|---|---|---|---|---|
| Nationwide Existing Customer Personal Loan | £10,000 (Unsecured) | 60 months | 3.6% | £182.11 | £10,926.60 |
| First Direct Personal Loan | £10,000 (Unsecured) | 60 months | 3.6% | £182.11 | £10,926.60 |
| M&S Bank Personal Loan/ Existing Customer Personal Loan | £10,000 (Unsecured) | 60 months | 3.6% | £182.11 | £10,926.60 |
| Sainsburys Bank Personal Loan Non Nectar / Nectar Cardholder Loan | £10,000 (Unsecured) | 60 months | 3.7% | £182.54 | £10,952.40 |
| Tesco Bank Personal Loan | £10,000 (Unsecured) | 60 months | 3.8% | £182.97 | £10,978.20 |
| Hitachi Personal Finance Hitachi Personal Loan | £10,000 (Unsecured) | 60 months | 3.8% | £182.97 | £10,978.20 |
| Zopa A | £10,000 (Unsecured) | 60 months | 3.8% | £182.97 | £10,978.20 |
| Zopa A | £5,000 (Unsecured) | 60 months | 4.5% | £93.01 | £5,580.60 |
| Hitachi Personal Finance Hitachi Personal Loan | £5,000 (Unsecured) | 60 months | 4.6% | £93.23 | £5,593.80 |
| Santander 123 / Select Customers Personal Loan | £5,000 (Unsecured) | 60 months | 4.6% | £93.23 | £5,593.80 |
| Cahoot Online Personal Loan | £5,000 (Unsecured) | 60 months | 4.6% | £93.23 | £5,593.80 |
| Danske Bank Homeowners Personal Loan | £5,000 (Unsecured) | 60 months | 4.8% | £93.67 | £5,620.20 |
Source: Money Facts 12th May 2015
Loans are subject to status.
The lowest interest rates charged on the amount borrowed, based on a 35 year old with no CCJs. Written quotations available on request. Representative APR – Annual Percentage Rate which is the advertised interest rate for the loan. The APR includes interest and fees so you can compare different loans.
CREDIT CARDS
| Provider | Annual Fee | Representative APR (variable) | Online appn. only |
|---|---|---|---|
| Bank of Scotland Platinum Low Rate MasterCard | None | 6.4% | Yes |
| Halifax Low Rate Credit Card MasterCard | None | 6.4% | Yes |
| Lloyds Bank Platinum Low Rate MasterCard | None | 6.4% | Yes |
| MBNA Limited MBNA Low Rate Credit Card MasterCard | None | 6.6% | Yes |
| The Co-operative Bank 3 Year Fixed Rate Visa | None | 6.9% | No |
| Tesco Bank Clubcard Credit Card with Low APR MasterCard | None | 7.8% | No |
Source: Money Facts. 12th May 2015
Representative APR – Annual Percentage Rate which is the advertised interest rate for the loan. The APR includes interest and fees so you can compare different loans.
INVESTING YOUR MONEY
BONDS - Investment Bond Accounts investing £5,000
| Provider | Notice Period | Min. Initial Deposit | Interest AER | Online appn. only |
|---|---|---|---|---|
| Secure Trust Bank Fixed Rate Bond 7 Year Term (Series 17) | 7 Years | £1,000 | 3.11% | Yes |
| FirstSave 7 Year Fixed Rate Bond 3rd Issue | 7 Years | £5,000 | 3.10% | Yes |
| Secure Trust Bank Fixed Rate Bond 5 Year Term (Series 18) | 5 Years | £1,000 | 3.01% | Yes |
| Paragon Bank 5 Year Fixed Rate | 5 Years | £1,000 | 3.00% | Yes |
| UBL 5 Year Fixed Term Deposit | 5 Years | £1,000 | 3.00% | No |
| Raphaels Bank Fixed Rate Bond | 5 Years | £2,000 | 2.95% | No |
Source: Money Facts 12th May 2015
OFFSHORE INVESTMENT ACCOUNTS - investing £5,000
| Provider | Notice Period | Account Type | Interest AER |
|---|---|---|---|
| Nationwide International 3 Year Fixed Rate Bond Issue 9 | 3 Year | Offshore Fixed | 1.81% |
| Nationwide International 1 Year Fixed Rate Bond Issue 9 | 1 Year | Offshore Fixed | 1.41% |
| NatWest Fixed Term Deposit | 2 Year | Offshore Fixed | 1.35% |
| Nationwide International 6 Month Fixed Rate Bond Issue 11 | 6 Months | Offshore Fixed | 1.31% |
| Santander 1 Year Fixed Rate Bond IOM | 1 Year | Offshore Fixed | 1.15% |
| Isle of Man Bank Fixed Term Deposit | 2 Year | Offshore Fixed | 1.11% |
Source: Money Facts 12th May 2015
Saving Your Money
Examples showing £5,000 save
SAVINGS ACCOUNTS – Highest interest received on accounts that require no notice to withdraw funds
| Provider | Notice Period | Interest Rates | Online appn. Only |
|---|---|---|---|
| Newbury Building Society Existing Members | No Notice | 2.10% | No |
| Furness Building Society Furness Student Account | No Notice | 1.51% | No |
| Cumberland Building Society E-Savings | No Notice | 1.50% | No |
| Kent Reliance Branch Easy Access Savings Issue 1 | No Notice | 1.50% | No |
| Virgin Money Defined Access Saver / E-Saver | No Notice | 1.41% | Yes / No |
Source: Money Facts 12th May 2015
SAVINGS ACCOUNTS – Highest interest rates received on accounts that require the notice shown to withdraw funds
| Provider | Access/Term | Account Type | Interest Rates | Online appn. Only |
|---|---|---|---|---|
| Al Rayan Bank 120 Day Notice | 120 Day | Variable | 1.81% | No |
| Charter Savings Bank 95 Day Notice Issue 1 | 95 Day | Variable | 1.80% | Yes |
| Shawbrook Bank 120 Day Notice Personal Savings Account Issue 26 | 120 Day | Variable | 1.75% | No |
| Paragon Bank 120 Day Notice Account (Issue 3) | 120 Day | Variable | 1.60% | Yes |
| Hampshire Trust Bank 90 Day Notice (Issue 6) | 90 Day | Variable | 1.60% | No |
| Charter Savings Bank 60 Day Notice Issue 1 | 60 Day | Variable | 1.60% | Yes |
| Market Harborough Onthedot 120 Day Notice Issue 3 | 120 Day | Variable | 1.60% | Yes |
Source: Money Facts 12th May 2015
Cash ISAs - Investing £15,240
| Provider | Interest AER | Interest Paid | Online appn. only | Account Type |
|---|---|---|---|---|
| Shawbrook Bank 5 Year Fixed Rate Cash ISA Bond Issue 1 | 2.25% | Monthly | Yes | Cash ISA |
| Virgin Money Virgin Fixed Rate Cash ISA Issue 148 | 2.15% | Monthly | No | Cash ISA |
| Virgin Money Virgin Fixed Rate Cash E-ISA Issue 121 | 2.15% | Monthly | Yes | Cash ISA |
| Skipton Building Society 5 Year Fixed Rate ISA | 2.10% | Monthly | No | Cash ISA |
| Shawbrook Bank 3 Year Fixed Rate Cash ISA Bond Issue 1 | 2.05% | Monthly | Yes | Cash ISA |
| Al Rayan Bank Notice Cash ISA | 2.02% | Monthly | No | Cash ISA |
Source: Money Facts 12th May 2015
Life Assurance
£120,000 Level Term Assurance for a 30-year old male non-smoker at standard rates over 10 years at a monthly premium of £6.29 with AEGON.
Source: ExWeb May 2015
Health Cash Plans
SimplyHealth Simply Cash Plan. From £11.50 per month. £35 M&S Gift Card when you join online today. Offer valid until 30th June 2015.
Source: SimplyHealth 12th May 2015
This is just a small selection of the independent help and advice we can offer you.
Should you have any questions or require information on other financial areas such as inheritance tax planning, life assurance, pension planning or any other area please contact us.
Tel: 0845 230 9876 or info@wwfp.net
Worldwide Financial Planning Ltd Heron House, Newham Road, Truro, Cornwall, TR1 2DP
The above “Money Saver” information is correct at the time of printing.
Worldwide Financial Planning Ltd. is authorised and regulated by the Financial Conduct Authority.
The FCA does not regulate Credit Cards, Will Writing and some forms of mortgage and Inheritance Tax Planning.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Information given is for general guidance only, and specific advice should be taken before acting on any suggestions made.
