MoneySavingExpert News

Mortgages

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

New reforms to protect renters confirmed – including an ombudsman for complaints and a ban on 'no fault' evictions

Renters in England can no longer be evicted for no reason under a new Bill introduced by the Government this week - though the rules are yet to take effect. The "Renters Reform Bill" will also see the introduction of an ombudsman for private tenants among other measures.

11 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

Bank of England increases base rate to 1% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 1% from 0.75% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

10 May 2022

Ground rents to be banned on new leases from 30 June saving homeowners £100s/yr – here's what's happening

Ground rent is to be scrapped on new leases in England and Wales from 30 June when the Leasehold Reform (Ground Rent) Act takes force, the Government announced today (22 April).

22 April 2022

Countryside and Taylor Wimpey ordered to remove 'unfair' doubling ground rent clauses from leases

Two major house builders have been ordered to remove 'unfair' leasehold clauses that allow them to double ground rents every 10 or 15 years. It comes after the competition watchdog found these terms can make it 'impossible' for people to sell or get a mortgage

18 March 2022

Eight mortgage cost-cutting need-to-knows with interest rate rises on the cards

A UK rate rise is on the cards, so can you lock-in cheaply now to save £1,000s?. Here's Martin's mortgage heads up.

16 November 2021

Mortgage rates hit record low AGAIN as Halifax launches 0.83% two-year fix – how to find the best deal for you

Halifax has launched a two-year fixed mortgage with a record low interest rate of 0.83%. It comes amid a mortgage rate war with five-year fixes also dropping below 1% for the first time EVER last month. It's yet another reminder to check whether you could save £1,000s on your own mortgage now.

9 August 2021

Mortgage prisoner review launched amid concerns even MORE homeowners could be trapped on expensive rates

More homeowners than previously thought could be trapped on expensive mortgage rates and unable to switch, the Financial Conduct Authority (FCA) has admitted.

26 July 2021

First ever sub-1% five-year mortgage fix launched by Nationwide – check if you can take advantage of record low rates

Nationwide's deal is another reminder of the fierce competition between lenders – there's no better time to check if you could save £1,000s on your mortgage

21 July 2021