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 the average 10 year fixed mortgage rate was used by a number of publications, including Mortgage Finance Gazette, The Sun, The Times, Your Mortgage, Financial Reporter, Mortgage Introducer and Mortgage Solutions. Commenting on the fall in the average 10 year mortgage rate, Darren Cook, one of our finance experts, said: “During a period of economic uncertainty, borrowers may be considering alternative ways to shield themselves against interest rate fluctuations and assure some stability in household expenses for the longer-term. A 10-year fixed rate mortgage is a large commitment, so potential borrowers need to feel confident that their circumstances are unlikely to change in the foreseeable future to benefit from the longer-term certainty that this product provides.”
During the week, our story on child savings accounts at risk of rate cuts was picked up by The Daily Mail. In the story, Rachel Springall, one of our finance experts, said: “Savers are much more likely to see higher rates on children’s savings accounts compared to adult savers and while these don’t tend to change too often, it doesn’t mean that they are immune. In fact, if providers feel that interest rates could fall in future, then they may start to adjust their range now.”
As well as this, our weekly average mortgage rates were used by Mortgage Strategy this week, while our Pick of the Week featured in Mortgage Introducer. One of the products that featured in our Pick of the Week was a two year fixed rate mortgage from West Brom Building Society, on which Rachel said: “Priced at 2.44%, the deal comes with an incentive of free valuation, 0.50% cashback of the mortgage advance and does not charge a product fee. As a result, this package may appeal to borrowers looking to keep their initial costs down.”
Our financial experts are often in demand, and this week they have been busy providing work for Aol., BBC, Cheshire Live, The Daily Mail, Metro, Mobile News, msn, News & Star, TalkTalk, The Money Pages, The Sun and The Times.
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 Any products featured may be withdrawn by their provider or changed at any time.