Moneyfacts in the News 28.02.20 | moneyfacts.co.uk

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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Derin Clark

Derin Clark

Online Reporter
Published: 28/02/2020

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 increase in competition within the retirement interest-only mortgage (RIO) market was used by a number of publications, including Express, Financial Reporter, Mortgage Finance Gazette, Mortgage Introducer, Mortgage Solutions, Mortgage Strategy, This is Money and What Mortgage. Commenting on the increase in coemption, Eleanor Williams, one of our financial experts, said: “Historically, many older borrowers who had retired or were shortly due to do so, found it difficult to find a new mortgage deal. When the Financial Conduct Authority reclassified RIOs as mainstream mortgages rather than equity release products in early 2018, a lifeline was thrown to many who may have previously felt trapped or not catered for.”

During the week, our story analysing the number of inflation-beating savings rates now available was picked up by a number of publications including The Daily Mail, Financial IT, Peer2Peer, This is Money and Which?. Commenting on the inflation figures in the story, Rachel Springall, one of our financial experts, said: “Savings rates have continued on the downward spiral this month, as a lack of competition takes its toll. The top one year fixed rate bond in the market now pays 0.15% less than last month while the top five year rate pays 0.40% less.”

Our finance experts are often in demand, and this week they have been busy providing bespoke work and expert comment for Mortgage Strategy, The Scottish Sun, The Sun, The Times and Financial Times. In addition to this, during the week our data was used by Bridging & Commercial, What Mortgage and Which?.

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