Skipton Building Society has launched a new annual allowance cash ISA, designed to encourage savers to make the most of their tax-free allowance earlier in the tax year. The new product offers an interest rate of 4.12% tax-free/AER and also provides easy access to funds. The product is available exclusively for current-year ISA subscriptions. The Skipton said that it has launched the new ISA after seeing many of its customers typically wait until the end of the tax year to use their ISA allowance. The product aims to change that behaviour by rewarding savers sooner.

Foundation Home Loans has announced a series of enhancements to its residential product range. This includes rate reductions of up to 50 bps across its F1 to F4 tiers, up to 15 bps rate reductions on green products and the lender has launched a range of new 90% LTV fixed rates. As a result, F1 two- and five-year fixed rates now start from 5.39% with a £995 fee, while green two- and five-year fixed rates are available from 5.44% with a £595 fee and one free standard valuation. On the new F1 90% LTV two- and five-year products, fixes are available from 6.54% with a £995 fee. Its new F1 key worker five-year fix starts from 5.64% at up to 75% LTV with a £595 fee, free valuation and no application fee.

Aspen Bridging has enhanced its offering by reducing rates and increasing LTVs across its product range. The lender has cut its 80% LTV heavy refurbishment product by 60 bps, with rates now starting from 0.78% per month. It has also enhanced its no valuation refurbishment product by increasing its LTV from 75% to 80%, with rates starting from 0.83% per month. Its stepped rates have also been reduced for both products and are available from 0.39% per month, which is a cut of 50 bps.

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