Mortgage
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
Rates on 10-year mortgage fixes are cheap right now – should I be locking in for longer?
Homeowners have increasing reason to consider longer term mortgages over shorter deals, as the cost of borrowing grows.
10 October 2022
Treasury deletes tweet after Martin Lewis slams projected stamp duty savings as 'nonsense'
A tweet suggesting people could save £12,700 a year following the mini-budget has been removed by HM Treasury following a complaint from MoneySavingExpert.com (MSE) founder Martin Lewis.
3 October 2022
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Mortgage holder alert as new figures reveal 370,000 are overpaying – can you save £1,000s/yr? Here's how to check
Hundreds of thousands of homeowners are overpaying on their mortgage because they're languishing on their lender's standard variable rate, new data from the financial regulator has revealed. Yet savings of £1,000s a year may be available if homeowners remortgage to more competitive deals – something they may want to consider sooner rather than later with further interest rate rises expected.
3 August 2022
Thinking about fixing your mortgage for 10 years or longer? Here are the pros and cons
Fixing for a decade can be done for as little as 3.33% right now and is becoming more appealing as the Bank of England base rate continues to rise. But there are pros and cons to doing so - here's what to watch out for.
8 July 2022
Ground rent ban on new leases takes effect – what you need to know
Homebuyers who purchase a new leasehold property will no longer have to pay ground rent from today, as long-awaited legislation kicks in. The move could result in savings of £100s a year for homeowners – though new and existing leaseholders still need to beware the dangers of a short lease, as we explain below.
30 June 2022
Sweeping proposals designed to help people on to the property ladder announced by the Prime Minister – here's what you need to know
Sweeping changes designed to get more people onto the property ladder, have been announced by the Prime Minister today (9 June).
9 June 2022
MSE pressure forces broker Tembo to remove ads encouraging people to pay off student loans by remortgaging
Mortgage broker Tembo has taken down misleading online adverts encouraging people to remortgage to repay their student loans after pressure from MoneySavingExpert.com.
12 May 2022
Fixed rate mortgages below 2% axed from the market as interest rates continue to rise - here's all you need to know
Fixed rates on mortgages have increased rapidly since the start of 2022 and today less than 10 sit at below 2%. If you’re able to switch mortgage or hoping to get a new one and want a deal at current rates, you better do so now as they won’t be around for long.
11 May 2022
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22 March 2023
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Ovo launches one-year fixed tariff – but is it worth switching to?
24 March 2023![]()
Almost every household has been charged the same price for their energy over the last year under the Energy Price Cap (EPC) and the Energy Price Guarantee (EPG), with no cheaper fixed deals to switch to. That has now changed, with Ovo launching a one-year fix for existing customers that undercuts the EPG level of £2,500 a year. -
BT customers 'forced into overdrafts' after duplicate payment error - here's what you need to know
24 March 2023![]()
BT customers have complained that they've been forced into overdrafts after payments were wrongly taken twice this month. The telecommunications giant said it will refund any duplicate payments taken automatically. -
Martin Lewis: Four urgent ways you may be due £1,000s in tax back – if you're married, had a PPI payout, wear a work uniform or even just pay tax
23 March 2023![]()
If you're married or in a civil partnership, have ever had a PPI payout, wear a uniform to work or pay any income tax, you could be due £100s or even £1,000s in tax back – but you'll need to check urgently. -
Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings
23 March 2023![]()
The Bank of England has increased the base rate from 4% to 4.25%. 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. -
Broadband and mobile users to be hit with price hikes of up to 17.3% in April – here's what you need to know
23 March 2023![]()
Millions of BT, EE, O2, Plusnet, Shell, Sky, TalkTalk, Three, Virgin Media and Vodafone customers will be hit with price hikes of up to 17% this spring, on the back of a sharp increase in the cost of living.
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Martin Lewis: Is it time to ban unnecessary Christmas presents?
5 December 2022![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: The one thing everyone aged over 66 needs to know
29 November 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills.
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Clever ways to calculate your finances
