MoneySavingExpert News

Mortgage

Government minister responds to Martin Lewis confirming the Treasury will look at proposals to free mortgage prisoners

Economic secretary to the Treasury Andrew Griffith MP has confirmed he will read and seek official advice on the proposals for freeing mortgage prisoners put forward in a recently published LSE report.

10 March 2023

Help for struggling mortgage borrowers confirmed – but Martin Lewis says it's 'a thin sandwich'

New guidance designed to help homeowners struggling with their mortgage payments has been published by the financial regulator, though it has been likened to an "empty sandwich" by MoneySavingExpert.com founder Martin Lewis.

10 March 2023

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