Moneyfacts.co.uk in the news 01/03/2019 - In the press - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Moneyfacts.co.uk in the news 01/03/2019

Moneyfacts.co.uk in the news 01/03/2019

Category: In the press
Author: Derin Clark
Date: 01/03/2019

The expertise of the Moneyfacts team is regularly in demand, with journalists and media outlets from across the trade and national press relying on our experts for up-to-the-minute information. Here's a quick overview of just some of the places we've been in the news recently.

Our in-house experts highlighted that six months on from the base rate rise many savings providers are still failing to beat the current 0.75% base rate. This was picked up by the
Independent and The Telegraph, as well as the publication
Aol. Our resident financial expert Rachel Springall said: "Despite more choice for savers, the number of products that do not beat 0.75% today still accounts for more than a quarter of the savings market, which highlights the necessity to revisit any variable rate accounts that may have been overlooked since the rate rise, as consumers could be earning less than they think."

When looking at mortgages last week, our research found that the number of retirement interest only mortgages available has increased to 38 products from 12 providers. This was picked up by a number of publications and websites including FT Adviser, The Telegraph, The Times,
Zoopla, Financial Reporter, Mortgage Finance Gazette, Mortgage Solutions, Mortgage Strategy, What Mortgage and Your Mortgage. Commenting on the research Darren Cook, finance expert, said: "Despite our research showing that building societies have been nearly the only driver of the RIO market since its inception, with only three of the 38 total products being offered by a non-mutual, it seems that the older borrower market is also benefiting from banks and building societies scaling back their criteria on interest-only mortgages, as well as extending the maximum age at end of their non-RIO mortgages beyond 80 years of age."

Moneyfacts.co.uk also provided The Sun with bespoke work for two separate articles about ISAs and The Times with bespoke work for an article about long-term savings rates. In addition to this, Moneyfacts carried out research for Mortgage Strategy on the fall in two-year fixed rate mortgages.

Furthermore, bespoke work from Moneyfacts has been used in The Telegraph, FT Advisor, Money Week,
Mirror, Investor Live, This is Money, Money Wise, Peer2Peer Finance News, Investment Week, Money International, and the Spectator.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Close