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 fixed mortgage rates, along with the decrease in product fees on mortgage deals was picked up by a number of publications this week, including Mortgage Finance Gazette, Mortgage Solutions, Mortgage Introducer, What Mortgage, Your Mortgage, The Telegraph, Financial Reporter and Buy Association. Commenting on the fall, Rachel Springall one of our finance experts, said: “Lenders may well be cutting fixed rates to enticing lows, but not all borrowers will be drawn in by the initial rate alone. Indeed, there could be borrowers who want to save on the upfront cost of the deal, such as with product fees or paying out on other fundamentals.”
During the week, our story on the fall in 10 year mortgage rates was used by the Daily Mail, The Motley Fool and FT Adviser. Commenting on the fall in 10 year fixed mortgage rates, Darren Cook, a finance expert at Moneyfacts.co.uk, 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.”
As well as this, our story on children’s savings account rates was picked up my Lymington.com this week, while our product Pick of the Week was used by Mortgage Introducer and FT Adviser. In the Pick of the Week, first direct’s mortgage deal was highlighted by Rachel: “This week, first direct has made various cuts to selected fixed rates, with its five-year fixed deal reducing by 0.10%. Now priced at 1.59%, the deal offers not only a decent incentive package, but it also has a competitive rate.” In addition to this, our data on average mortgage rates was used by Mortgage Strategy this week, and in the article, Rachel commented: “This week we have seen rate reductions on two-year fixed mortgages from some prominent brands, which include first direct, TSB and Barclays.”
Our financial experts are often in demand, and this week they have been busy providing work for Press Association, where we provided data and commented on the planned changes to overdraft fees, which was used by a wide range of the national and regional press including The Daily Mail, Morning Star, Belfast Telegraph, Daily Echo, Yahoo!, ITV, Independent, Evening Standard, The Telegraph, Mirror and The Times. In addition to this, we also provided bespoke work for journalists at The Telegraph, Your Money, Mail Online, Yahoo! and The Sun.
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.