The expertise of the Moneyfacts team is regularly in demand, with journalists and media outlets from across the financial services and national spectrum relying on our experts for up-to-the-minute information. Here's a quick overview of just some of the places we've been in the news recently:
Our research on the intense mortgage rate competition for first-time buyers hit both the financial and national press, including The Metro, The Mirror, Mortgage Solutions, Mortgage Strategy, Financial Reporter, AOL, What Mortgage and The Independent online. "Providers need to factor in the greater potential of default on higher-LTV (loan-to-value) mortgages, which is why rates are typically higher at 95% LTV – but as we've seen, they're increasingly willing to sacrifice these margins in order to compete," said Darren Cook, finance expert at Moneyfacts.co.uk.
Elsewhere, savers were warned that their loyalty to a high-street bank is unlikely to pay off. Indeed, our research showed a large gap between the best easy access rates on the market, versus the standard easy access accounts offered by the biggest high-street banks. This story featured within the printed edition of The Sun newspaper and the Daily Express, as well as online sites including AOL. "Clearly convenience costs, so savers will need to rethink where they are storing their hard-earned cash. Some of the best deals on the market come from building societies or the more unfamiliar challenger banks, with the latter taking firm hold of the Best Buy tables, perhaps to remain consistently in the view of savers to draw in deposits for their future lending," said Rachel Springall, finance expert at Moneyfacts.co.uk.
With the new 2019/20 tax year soon upon us, ISAs remained a popular topic in the news, so it was well-timed that our research on ISA season was picked up by The Times. Our resident finance expert, Rachel Springall, highlighted that the activity during the season continued, great news for savers looking for a new deal: "It's encouraging to see banks and building societies fully on board this year, with some launching market-leading rates to grab the attention of keen savers."
Bespoke work continues to be key for our press department, with Rachel's expertise also seen in The Sun (where she ran through the best cashback cards) and The Times (in which she covered some of the best mortgage deals for first-time buyers).
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.