MoneySavingExpert News

Mortgage

Cladding crisis: six major lenders now offer mortgages on some affected buildings – but not everyone can get them

Flat-owners impacted by the cladding crisis in England may now be able to sell or remortgage their homes, with six major lenders agreeing to offer mortgages under new industry guidance.

10 January 2023

Mortgage guarantee scheme extended into 2023 – but should you take out a deal with just a 5% deposit?

With the difference in cost between mortgages for those with a 5% deposit and those with a 40% deposit at its narrowest in over 10 years, is it wise to take out a 95% deal?

21 December 2022

Bank of England increases base rate to 3.5% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 3% to 3.5%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

20 December 2022

Martin Lewis calls for more support for mortgage borrowers during meeting with the Chancellor and lenders

Mortgage lenders have been pushed to offer more support for struggling homeowners following a meeting with MoneySavingExpert.com founder Martin Lewis, the Chancellor Jeremy Hunt, and the financial regulator. The move comes as homeowners continue to face higher and significantly more expensive interest rates amid the cost-of-living crisis.

8 December 2022

Need a new mortgage? Staying with your existing lender may now be cheaper than switching to a different one

We look at the difference between 'sticking or twisting', and why the balance between the two has shifted.

15 November 2022

Cheapest fixed mortgage deals dip below 5% – the lowest rate in a month

Homebuyers and remortgagers can now take out a five-year fixed deal that charges less than 5% interest.

14 November 2022

Latest on mortgage rates – fixed rates start to fall, despite another Bank of England base rate rise

The cost of fixed-rate mortgage deals has started to fall, despite the Bank of England's base rate rise last week.

8 November 2022

Martin Lewis: Warning - fix your mortgage if you want certainty but you could end up paying more than you need to

Planning to fix your mortgage? You might want to wait a little while longer before doing so as you could end up paying more than you need to. That's the warning MoneySavingExpert.com founder Martin Lewis gave in the opening episode of the new series of ITV's The Martin Lewis Money Show Live.

20 October 2022

What's happening to mortgage rates following the mini-budget reversal – MSE's analysis

Interest rates on mortgages could start falling in the next few weeks, following the Government's reversal of its mini-budget which has helped calm the financial markets.

18 October 2022

Mortgage lenders now letting existing borrowers lock in today's rates SIX MONTHS early – does yours?

Several major lenders have increased how far in advance existing borrowers can lock in a new mortgage deal as interest rates rise. It comes as many homeowners look to start the process of lining up a new mortgage earlier than usual, hoping to get a cheaper deal and stay ahead of future rate hikes after the base rate hit 2.25% in September.

14 October 2022