MoneySavingExpert News
Remortgaging
Mortgage lenders now letting existing borrowers lock in today's rates SIX MONTHS early – does yours?
Even if you are locked into your mortgage you might be able to get a new rate at today's prices with several major lenders increasing how far in advance existing borrowers can tie into new deals. The change comes as interest rates are on the rise with the base rate hitting 2.25% in September.
14 October 2022
Mortgage broker Tembo has taken down misleading online adverts encouraging people to remortgage to repay their student loans after pressure from MoneySavingExpert.com (MSE). Two pages on the firm's website have also been removed after we told Tembo we'd report it to the financial regulator as the advice could have left many worse off.
12 May 2022
Mortgage affordability rules are set to be relaxed to allow homeowners to switch to a cheaper deal more easily, the financial regulator has announced. The move would also help free tens of thousands of mortgage prisoners, in an important victory for MoneySavingExpert.com's long-running campaign.
26 March 2019
If you've a mortgage that's due to renew in 2017, your biggest financial risk may well be that rates will rise rapidly. They've been at historic lows and we've got used to that. Yet some of the cheapest deals, such as HSBC's 0.99% 2yr fix, have been axed this month. And the City's swap rates, one of the factors banks use to decide their fixed rates, have risen - eg, 5yr swaps are up from 0.35% in September to 0.87% now. This has all fuelled fears of further mortgage hikes.
21 December 2016
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