nigel woollsey

Nigel Woollsey

Online Writer
Published: 04/10/2019

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 Autumn ISA season getting off to a shaky start – with rates dropping in the six months from April to October – was picked up by AOL, Yahoo Finance, and Metro news. Commenting on these falling rates, Rachel Springall, finance expert at Moneyfacts.co.uk, said: “As it stands, the biggest impact has hit the longer-term offers, where the average two-year and five-year fixed ISA rates have fallen by 0.19% and 0.18% respectively since the start of April. Easy access ISAs are also on the downward trend but have fallen by a more modest 0.05% over the same period, and this type of cash ISA may be more popular with consumers who want their cash quickly during a period of economic uncertainty.”

During the week, our story on the spike in first-time landlord buy-to-let deals with 1,474 products currently available – an increase of 297 in the last 12 months – was picked up by Mortgage Strategy, Mortgage Solutions, What Mortgage, Financial Reporter, Landlord Today, Property118 and Leicester Property Insight. In the story, Rachel Springall, our finance expert, commented: “It’s encouraging to discover that first-time landlords have a huge choice of deals right now, particularly during a time of economic uncertainty. However, landlords will need to keep a close eye on their projected profit margins, especially as tax relief on mortgage interest will be scrapped in April 2020.”

Elsewhere our data was used by a number of publications, including Property118 on the availability of buy-to-let deals available directly, FT.com covering new savings account launches, as well as Business Telegraph also using our figures to cover this story. Meanwhile, Which? used our data to reveal some of the best cash ISA rates on offer, and Mortgage Introducer and Mortgage Strategy also used our expertise as part of their mortgage stories this week.

Our financial experts are often in demand, and have been busy providing work for The Sun Online again covering the current popular topic of ISAs and The Daily Telegraph again called on Rachel Springall for her savings knowledge on the topic of banks adding strings to their best rates to reduce the number of savers taking them out. She commented: “It’s a case of managing deposits and demand. If all the best deals were available to all and sundry that would affect the return that the banks can get.”

Furthermore, our work also appeared in a number of offline publications during the week, including The I newspaper, The Daily Mirror, The Metro, Daily Record, Birmingham Mail, Burton Mail, Cambridge News, Carlisle News & Star, Coventry Telegraph, Derby Telegraph, Evening Chronicle, Evening Gazette, Express and Star, Gloucestershire Echo, Grimsby Telegraph, Huddersfield Daily Examiner, Hull Daily Mail, Lancashire Telegraph, Leicester Mercury, Liverpool Echo, Manchester Evening News, North Wales Daily Post, The Daily Mirror (Ulster), The Herald, The Post, The Sentinel and Wigan Evening Post.

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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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