Moneyfacts.co.uk in the news 13/02/2019 - In the press - News | moneyfacts.co.uk

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Moneyfacts.co.uk in the news 13/02/2019

Moneyfacts.co.uk in the news 13/02/2019

Category: In the press
Author: Derin Clark
Date: 13/02/2019

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

Recent research by Moneyfacts.co.uk revealed that just over a third (34%) of easy access accounts on offer by banks and building societies are online deals only. This was picked up by a number of publications including The Telegraph, The Express, This Is Money, Money Observer, The Sun, Your Money,
Moneywise and The Money Pages. Many of these publications highlighted how online deals offering the top rates means that often "silver savers" who are more averse to online banking are missing out on the best saving deals on the market. Commenting on the research, Rachel Springall, finance expert at Moneyfacts.co.uk said: "Those savers who have yet to jump in on the internet craze may be disappointed to find out that a third of the easy access market process no branch access."

When looking at mortgages last week, our research on the fall in mortgage rates over the last six months for first-time buyers was picked up by the national press, including publications such as The Sun, The Times, This is Money, FT Adviser, Mortgage Strategy and Your Mortgage. In the press release Darren Cook, finance expert at Moneyfacts.co.uk said: "There's a concerted drive to try to secure the business of first-time buyers, who are the lifeblood of the mortgage and property markets and it is encouraging to see rates decrease as a result of some healthy competition."

Moneyfacts.co.uk also provided the Financial Times with bespoke mortgage insight last week. Financial expert Rachel Springall was quoted on its story on the narrowing of interest rates charged on high and low-risk mortgages, saying: "Lenders have saturated the fixed mortgage market with low rates for borrowers with the largest deposits and are therefore tapping into other areas, including borrowers who have either a 5 or 10 per cent deposit."

As well as this, Rachel also completed some bespoke work for a piece by The Times pressing the upcoming ISA deadline and it also sourced our easy access savings account rates in an article providing savings information. As well as this, our
Best Buys were used by the publication for a piece on Newcastle Building Society's Lifetime ISAs.

Finally, the Moneyfacts.co.uk data was quoted in publications this week, appearing in a piece by The Sun focusing on how savings account rates are now greater than property price growth, while The Money Pages, What Mortgage and The National also using our figures to comment on this story.

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.

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