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Mortgages

The Bank of England (left) and the Royal Exchange (right)
The Bank of England has held the base rate at 5.25% for the fifth time in a row. 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.
26 March 2024
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Mortgage prisoners are still suffering every month and need urgent help from the Government, a parliamentary group has said. The call comes nearly a year after the publication of a major report, funded by MoneySavingExpert.com founder Martin Lewis, which put forward costed solutions to the nightmare situation facing up to 200,000 people in the UK.
29 February 2024
Martin Lewis considers whether house prices, rents, interest and mortgage rates are about to rise or fall.
Are you buying a home, remortgaging or renting, and trying to plan your next steps? MoneySavingExpert.com founder Martin Lewis explained what could change over the next year in the latest episode of ITV's The Martin Lewis Money Show Live.
29 January 2024
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Interest rates on mainstream five-year fixed mortgage deals are set to drop below 4% this week – the first time in more than six months they've been this low from a high-street lender. Meanwhile, two-year fixes are set to fall below 4.5%. But will they get any cheaper and what, if anything, should you do about it? 
16 January 2024
Two-year fixed mortgages drop below 5% for the first time in months.
Rates on two-year fixed mortgage deals have dipped below 5% for the first time in five months. But brokers believe fixed deals could get even cheaper as the year draws to a close – so should you fix now or hold out?
14 November 2023
Lady sitting in front of laptop and holding bills
Martin Lewis, MoneySavingExpert.com’s (MSE's) founder and chair, is today strengthening his call for the Chancellor to overhaul the Lifetime ISA (LISA) in his 22 November Autumn Statement. Young savers should not be essentially fined – and lose their hard-saved cash – when they purchase homes above the scheme's £450,000 limit. This is a problem that leaves far more at risk now than when LISAs launched in 2017.
6 November 2023
Cardboard cut out of a house at the end of a wooden ladder
Interest rates on fixed mortgage deals have been edging down over the past few weeks with some five and 10-year fixes now below 5%. Mortgage brokers have told MoneySavingExpert.com that further cuts are possible in the short term after the base rate was held at 5.25% this month, following 14 consecutive rises.
25 September 2023
The Bank of England
The Bank of England has increased the base rate from 5% to 5.25% – its highest level in over 15 years. 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.
8 August 2023
Fixing your mortgage for 10 years or more is now CHEAPER than a two-year fix.
Fixing your mortgage rate for 10 years is now significantly cheaper than two and five-year deals – even the UK's only 25-year fix has a lower rate than the top two-year fix. But there are risks to locking in your mortgage for 10 years or longer. Here's what you need to know.
10 July 2023
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In an urgent private meeting on mortgages with Chancellor Jeremy Hunt, and in a separate conversation with Shadow Chancellor Rachel Reeves, MoneySavingExpert.com founder Martin Lewis has today (Wednesday 21 June) stressed the need for proper forbearance measures for struggling mortgage holders, and the need for banks not to ramp up their profit margins.
20 June 2023

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