Mortgage

Mortgage rates have recently been at all-time lows – some can fix at just 0.89%. Yet that may be about to end, warns MoneySavingExpert.com founder Martin Lewis. A UK rate rise is on the cards and now may be the time to lock in cheap deals to save £1,000s. Here's our mortgage heads-up.

More homeowners than previously thought could be trapped on expensive mortgage rates and unable to switch, the Financial Conduct Authority (FCA) has admitted. It comes as the regulator has launched a new review into mortgage prisoners who are unable to remortgage to a cheaper deal with another lender because they don't meet strict borrowing criteria. 

Nationwide has launched a five-year fixed-rate mortgage deal at 0.99% – the first time interest rates on a five-year deal have EVER dropped below 1%. While mortgage interest rates have been continually creeping down over recent months, Nationwide's latest deal is another reminder of the fierce competition between lenders. So there's no better time to check if you could save £1,000s on your mortgage now.

This is warning to EVERYONE with a mortgage. Rates have dropped below 1% – check urgently if you can switch & save £1,000s. Acceptance isn't always easy but don't just accept the status quo.

Platform and NatWest have today launched fixed-rate deals with the lowest ever interest rates seen on a two-year and five-year fix respectively, according to brokers. But while these mortgages won't necessarily be best for everyone, the headline-grabbing rates of 0.95% and 1.17% indicate that competition between lenders is currently fierce. So check now if you can save £1,000s on your mortgage.

Prospective homebuyers with a small deposit or little equity in their home have been hit hard this year, with lenders pulling the majority of low-deposit deals from the market. Yet there may be a glimmer of hope as a new trend is emerging – the mortgage 'flash sale', including the latest deal from Accord Mortgages, the broker-only arm of Yorkshire Building Society. But what is it and is it any good? 

Some Nationwide customers who took out personal loan payment holidays mistakenly had it reported as a missed payment on their credit report late last week, MoneySavingExpert.com can reveal. 

One in seven UK mortgages is now subject to a payment holiday, after 1.6 million mortgage breaks were offered to customers who have been impacted by Covid-19.

A new study at the London School of Economics and Political Science (LSE), funded by MoneySavingExpert.com founder Martin Lewis, will look to find solutions to unchain 170,000 'mortgage prisoners'.

Birmingham Midshires is paying compensation to some customers after wrongly calculating their monthly mortgage payments, and one customer has already received over £1,600. Here's what you need to know.