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-minute information. Here's a quick overview of just some of the places we've been in the news recently:
· Our in-house experts highlighted increased ISA competition since the start of 2019, which discovered no less than 24 savings providers increasing rates or launching new deals on to the market. This was picked up by the national press and also the publications Your Money and The Money Pages. Our resident finance expert Rachel Springall said: "Clearly, providers are sowing the seeds for savers to discover market-leading returns, and as the ISA season flourishes, it will hopefully lead to increased competition and even better deals as we move closer to the new tax year."
· When looking at mortgages last week, our research found that the number of fixed rate mortgage products in the 60% to 95% LTV range has reached a record high. This was picked up by a number of publications including FT Adviser, The Times, Your Mortgage, What Mortgage, Mortgage Strategy, Financial Reporter and London Loves Property. Commenting on the research Darren Cook said: "Our recent research has already highlighted that competition on fixed mortgage interest rates among providers is rife at higher LTVs, as we have seen the average two-year fixed mortgage rate at maximum 95% LTV fall by 0.54% from 3.95% in August 2018 to 3.41% this month, while the average rate at maximum 60% LTV fell by 0.02% over the same period."
· Moneyfacts.co.uk also covered the number of savings deals to beat inflation
which boomed thanks to an unexpected drop in CPI inflation from 2.10% to 1.80%. The research, which was picked up on Your Money, reported on the rise in interest rates on one-year bonds. Commenting on the research Rachel Springall said: "It's positive to see that the impact of inflation is starting to wane, breaching the Bank of England's target of 2%. At the same time, consumers who are hoping to lock into a one-year fixed bond will find the average rate has improved by 0.29% in the past year."
· In addition to this, Moneyfacts.co.uk collected data that showed the average two-year fixed rate has fallen slightly. This data was used by a number of publications including Mortgage Strategy, Mortgage Solutions and Your Mortgage.
· Moneyfacts.co.uk also provided This is Money with bespoke ISA insight, which follows on from last week's ISA competition story. Finance expert Rachel Springall was quoted on its story on the charges some savers face when moving money out of savings accounts before it matures, saying: "The season has started and people are going to be looking around, but if you leave a four- or five-year ISA, you could be fined up to a year's worth of interest."
· In other savings news, Rachel Springall also provided the Mirror with bespoke savings insights on an article discussing how savers searching for the best savings rates would be better looking at fixed rate accounts from unfamiliar banks than easy access accounts by high street banks.
· Furthermore, Moneyfacts.co.uk average ISA rate data was used in Peer2Peer Finance News which focused on the rates of cash ISAs vs Innovative Finance ISAs. As well as this, moneyfacts.co.uk best buys on buy-to-let was used in an article by Simply Business which highlighted the best fixed-rate mortgages for landlords. Finally, moneyfacts.co.uk buy-to-let figures from May 2018 were quoted in an article in The Negotiator that reviewed the lending market for the buy-to-let industry.
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.