The expertise of the Moneyfacts team is regularly in demand, with journalists from across the national and financial spectrum relying on us to provide accurate information and useful insight at a moment's notice. Here are just a few places we've been in the news recently.
- Our research on the decline of short-term bond rates – in which we uncovered the disappointing news that the average one-year rate has fallen for the first time this year – was picked up in both the Daily Mail and Your Money, as well as appearing in the print edition of the i newspaper. "This latest shift in the market will come as disappointing news to savers hoping for the market to recover at a faster pace," said Rachel Springall, finance expert at Moneyfacts.co.uk. "The drop since last month is in stark contrast to the start of 2019, where the average one-year fixed bond rate had risen consecutively – from 1.43% in January to 1.47% in March – thanks in part to the determination of challenger banks to attract new money to fund their future lending."
- First-time buyers may be pleased by our research that revealed mortgage providers are competing for their business. Indeed, the analysis suggested that when more firms become willing to lend at this higher-risk tier, it means that potential homeowners have a greater choice of products, incentives and service, which can only be good news for borrowers. Darren Cook, finance expert at Moneyfacts.co.uk said "A decade ago, borrowers who could only raise a 5% deposit had just three products from three mortgage providers to choose from." said Darren Cook, finance expert at Moneyfacts.co.uk. This news appeared in various publications, including the Daily Mail, FT Adviser, Mortgage Solutions, Mortgage Strategy, and Your Mortgage, as well as in print form within the Daily Mirror and Sunday Express.
- As the Easter holiday began, we had a few top tips on how to save cash abroad, with our finance expert Rachel Springall pointing out the pitfalls that consumers face when using a debit or credit card to withdraw cash, how to avoid a transport headache and encouraged travellers to check their insurance first. "Using a debit card abroad to withdraw cash may seem convenient, but it can be a costly expense," warned Rachel. "A typical debit card can charge as much as £9.50 for the equivalent of a £200 cash withdrawal abroad, while a typical credit card can charge £11.96 for the same transaction." These tips got picked up by The Money Pages and Your Money.
- Credit cards were covered elsewhere in the news too, with our data and expert commentary from Rachel Springall used by the Daily Mail in its debt bubble concerns piece, discussing the decline in 0% balance transfer terms.
- The press team also fit in a fair few bespoke requests, including how to afford the cost of a wedding used in The Times with a few top tips and the rise of equity release within Mortgage Strategy, covered by Rachel. She also found the time to comment on the ISA market for The Times and gave some insight into the best high interest current accounts available for the Daily Express.
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.