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 how time is running out to open a Help to Buy ISA was used in a number of publications, including the Express, Good Housekeeping, House Ladder, Mirror, Mortgage Introducer, Mortgage Strategy, The Money Pages, What Mortgage, You Invest and The Sun. Commenting on how the bonus available with Help to Buy ISAs helps first-time buyers, Rachel Springall, one of our finance experts, said: “Homeownership may still feel out of reach for many consumers, despite a healthy savings habit, which is why any boost to their deposit would be a welcome addition. Savers can get a max boost of £3,000 with a Help to Buy ISA and up to £1,000 a year with a Lifetime ISA, and recent research suggests they may well need this extra cash more than they may know.”
During the week, our coverage on the competitive mortgage market was picked up by a number of publications, including Financial Reporter, Mortgage Strategy, The Times and Scottish Financial News. In the story, Darren Cook, one of our finance experts, said: “It appears that fixed mortgage rates are continuing to be cut despite the rise in interest rate SWAPs, a market that lenders generally use to hedge themselves against future interest rate fluctuations. The significant increase in SWAP rates indicates that markets may now be clawing back a previous factoring of a forecasted Bank base rate cut in the short term.”
In addition to this, our story on buy-to-let mortgages hitting a 12-year high was used by Mortgage Introducer this week, while our story on the amount retirees are withdrawing from their pensions was picked up by Love Money. During the week, The Telegraph also used our story on Coventry Building Society launching a savings account that raises money for The Royal British Legion.
Elsewhere, our data was also used by a number of other publications, including the Mirror, which used our balance transfer credit card data, Mortgage Introducer used our pick of the week, Mortgage Strategy used our average mortgage rate data and Which? used data on mortgage rates.
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 Any products featured may be withdrawn by their provider or changed at any time.