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 five year mortgage rates falling faster than two year fixed rates was used by a number of publications, including Mortgage Solutions, The Telegraph, The Times and Buy Association. Commenting on the fall in rates, Darren Cook, one of our finance experts, said: “It seems that competition within the five year fixed rate mortgage sector is pushing the average rate down closer towards the two year fixed average rate. As a result, the difference between these two average rates now stands at 0.31%, which is 0.11% lower than it was a year ago.”
During the week, our coverage on Coventry Building Society launching two savings accounts in support of The Royal British Legion was picked up by a number of publications, including Moneywise and Your Money. Commenting on the launch of the accounts, Rachel Springall, one of finance experts, said: “These popular Poppy accounts may well appeal to savers looking for a safe home for their cash with a trusted brand over the next few years, as well as attracting those hoping to secure a competitive interest rate and in the process, support the Royal British Legion.”
This week our research on the increase of 40-year term mortgages was used by HomeOwners Alliance, while Mortgage Introducer used research from our product news update. As well as this, Mortgage Strategy used our research on the fall in average two year fixed rates and Your Money covered our research on the increase in notice account rates: “Notice accounts now pay 0.49% more in interest than easy access accounts – which pay 0.64% on average – and 0.36% more based on the top rate (1.46%) in its sector, so savers can earn more interest with a notice account,” explained Rachel. Furthermore, this week we had mentions in Business Insider, The Scottish Sun and This is Money.
In addition to this, voting for the Business Moneyfacts Awards Survey is currently open, which was mentioned by Bridging Loan Directory and FBS. You can have your say and the chance of winning a £150 Amazon voucher here.
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 Any products featured may be withdrawn by their provider or changed at any time.