Moneyfacts.co.uk in the news 6/12/2018 - 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 6/12/2018

Moneyfacts.co.uk in the news 6/12/2018

Category: In the press
Author: Leanne Macardle
Date: 06/12/2018

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


· Both the Daily Mail and The Times reported on the return of the "supersize mortgage",
citing Moneyfacts data revealing that most banks have a maximum loan-to-income ratio of between 4.0 and 4.75 – but cautioning that some are offering mortgages way above that level.


·
Finance expert Rachel Springall was quoted in a story on the BBC
covering the switch to credit card use, where she highlighted the importance of shoppers "paying off any accumulated [card] balances, to avoid interest charges and [ensure] that any debts do not remain hanging overhead in the new year".


· The Telegraph

used Moneyfacts data in its story on equity release, where it was revealed that lifetime mortgage rates are increasing.


· Yahoo Finance
covered the Moneyfacts finding that closed savings accounts pay more, on average, than live accounts, quoting finance expert Darren Cook in the process.


· Several specialised news sources reported on the Moneyfacts finding that cashback offers are increasing on both residential and buy-to-let mortgages, with this and Darren Cook's words of wisdom found in Financial Reporter, Mortgage Strategy
and Landlord Today.


· This is Money used a lot of Moneyfacts expertise in the last week, quoting Rachel in its story on bargain mortgage rates
and finance expert Charlotte Nelson in its piece on bank switching incentives, and it used our savings research in its story on ditching the big banks for better savings rates.

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 Any products featured may be withdrawn by their provider or changed at any time.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