The expertise of the Moneyfacts team is regularly in demand from news outlets and journalists across the national and financial spectrum, with many relying on our up-to-the-minute data and insightful quotes to inform their stories. Here are just a few places we’ve been in the news this week.
Our story on the fall in higher loan-to-value mortgage rates during 2019 was featured in a number of publications, including Mortgage Solutions, Property Reporter, Leicester Property Insight, Financial Reporter, The Times, Mortgage Strategy, Mortgage Introducer, FT Adviser and Your Mortgage. Commenting on the fall in rates, Darren Cook, finance expert at Moneyfacts.co.uk, said: “Those borrowers who can only manage to raise a 5% deposit have seen the max 95% LTV average rate fall significantly for two, five and 10-year fixed deals. This is fantastic news for prospective first-time buyers who have been planning and saving up to get their foot on the property ladder in 2020.”
During the week, our story on the fall in personal loan rates was used by Infosurhoy. Commenting on the fall in loan rates, Rachel Springall, one of our finance experts, said: “It’s encouraging to see that the unsecured personal loans market is still buoyant, with rates falling over the past quarter. This improvement to the loans market could be encouraging for borrowers considering consolidating their debts either now or in the new year.”
As well as this, our analysis of mortgage and savings rates in 2019 was used by House Ladder. Commenting on the analysis, Springall said: “There was a clear mortgage rate war at play throughout 2019, with the most notable drop in rates seen across the past six months. Whether this battle can continue at such a pace entering 2020 is unknown though, as lenders have already highlighted a squeeze on their profit margins as a result of pricing loans low. Santander, as an example, noted ‘a fall in income due to the highly competitive UK mortgage market”
Our financial experts are often in demand, and this week they have been busy providing bespoke work for The Times, ITV, The London Economic, Mirror, The is Money, Your Money, The Sunday Post, Guernsey Press, Jersey Evening Post, TalkTalk, Belfast Telegraph, Evening Express, Express & Star, The Press and Journal, Shropshire Star, The Courier.co.uk, and Daily Mail. As well as this, we also provided bespoke data for the Daily Mail, Mortgage Finance Gazette and This is Money.
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.