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 average credit card APR hitting a record high has been used in a number of publications, including Aol., Mail Online, Financial Times, London Loves Business, Mirror, Money Expert, msn, Reuters, Sky News, The Guardian, The Money Pages, Your Money, The Independent and The Times. Commenting on the increase in credit card APR, Rachel Springall one of our financial experts, said: “Consumers who turn to credit cards for their everyday purchases will find that the cost to borrow is starting to rise, as the most lucrative low rate cards have worsened. In fact, over the past quarter, we said goodbye to the lowest rate purchase credit card on the market and have seen rates increase on these lucrative offers.”
During the week, our story on the number of five year fixed rate mortgages products doubling in five years was used by several publications, including Buy Association, Mail Online, financial reporter, Mortgage Finance Gazette, Mortgage Solutions, Mortgage Strategy, This is Money and What Mortgage. In the story, Darren Cook, our mortgage specialist, commented: “Two-year fixed rate mortgage deals have historically dominated borrower market choice, however with the number of five-year fixes increasing significantly over the past five years, it is clear that borrowers now have an even choice of products available in both the two and five-year fixed rate mortgage markets.”
The Mail, London Loves Business, The Telegraph, The Money Pages, What Investment and Your Money all used our story on the twofold rise in savings providers cutting or pulling fixed rate bonds. Commenting on the story, Springall said: “It’s a worrying trend for savers to see, but it’s clear as day that fixed rates are tumbling. The proportion of savings providers to cut or withdraw their fixed rates has grown twofold since June, now seen as a period of summertime sadness for the savings market.”
Furthermore, our work also appeared in a number of offline publications during the week, including Personal Finances, Daily Express, Daily Mail, Financial Times, The Daily Mirror, The Guardian, The Herald, The Scotsman, The Sunday Post, The Sunday Telegraph, The Times and Yorkshire Post.
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.