MoneySavingExpert News


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 founder Martin Lewis.

10 March 2023

Government made £2.4 billion from mortgage prisoner scandal - Martin Lewis says it must fix problems caused

A landmark new report published today puts forward costed solutions to the horror of the situation facing up to 200,000 mortgage prisoners, who have been trapped on high rates after their loans were sold by the state to 'closed book' inactive lenders.

10 March 2023

Mortgage prisoners: Government promises to consider proposals to free trapped borrowers

The Government has today confirmed that it will "carefully consider" the costed and practical proposals for freeing mortgage prisoners put forward in the recently published report by the LSE.

7 March 2023

Martin Lewis: What you need to know NOW about mortgage rates's founder Martin Lewis explains what you need to know now about mortgage rates in the latest episode of ITV's The Martin Lewis Money Show Live.

9 February 2023

Fixed mortgage deals expected to get cheaper despite base rate increasing to 4% – what you need to know

Interest rates on fixed mortgage deals are expected to fall over the coming weeks, despite the Bank of England increasing the base rate to 4%. If you need a new mortgage in the coming months, we've analysed the mortgage market and spoken to a number of brokers to help you navigate this uncertain market.

7 February 2023

Bank of England increases base rate to 4% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 3.5% to 4%. 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.

2 February 2023

Hundreds of fixed-rate mortgage deals drop below 5% – but is now a good time to fix?

Interest rates on fixed mortgage deals are continuing to fall with hundreds now below 5% and many closer to 4%. But with fixed mortgage rates expected to drop further, is now a good time to lock in? Below we explain what's happening, and what to consider if your deal's coming to an end.

11 January 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