Kit Sproson

Senior Money Writer – Mortgages Expert

As one of MSE's Money writers, Kit's main topics include mortgages, Council Tax, wills, funeral plans and scams. He previously covered credit scoring, students and buy now, pay later. Before joining MSE in 2019, Kit worked as a digital journalist for ITV News as well as a court reporter.

Kit has been nominated for the Mortgage Journalist of the Year Award at the Headline Money Awards in 2022, 2023 and 2024.

In his spare time, Kit enjoys reading, football, travelling and volunteering at Shelter from the Storm.

Latest from Kit Sproson

Mortgage lenders have been pushed to offer more support for struggling homeowners following a meeting with MoneySavingExpert.com founder Martin Lewis, the Chancellor Jeremy Hunt, and the financial regulator. The move comes as homeowners continue to face higher and significantly more expensive interest rates amid the cost-of-living crisis.

8 December 2022

Can you ditch a locked-in mortgage fee-free if rates drop later?

If you've secured a mortgage rate, but that deal hasn't yet started, it's worth checking now if you can get a cheaper rate, as many offered on new mortgages are now lower than they have been in the last few weeks. Most lenders won't charge you a fee to cancel, and a cheaper deal could save you £100s.

22 November 2022

More homeowners who are struggling with mortgage repayments will be eligible for state support from next year, the Government has announced. From spring 2023, access to the 'support for mortgage interest' scheme will be expanded – meaning you might be able to get help covering the interest element of your mortgage repayments if you're struggling.

17 November 2022

Chancellor Jeremy Hunt has today (17 November) announced tax changes, state pension rises and further cost of living help. The measures come as part of today's Autumn Statement, which also contains major changes to the Government's energy support package. Below we analyse what's changing – you can also watch MoneySavingExpert.com founder Martin Lewis's instant reaction.

17 November 2022

Family members of a 98-year-old – who was refunded £15,000 in council tax overpayments and had future bills axed due to her having vascular dementia – have urged others in a similar position to check if they can do the same.

15 November 2022

Need a new mortgage? Staying with your existing lender may now be cheaper than switching to a different one

If you need a new mortgage you might now be much better off sticking with your existing lender than switching to a new one. We look at the difference between 'sticking or twisting', and why the balance between the two has shifted.

15 November 2022

Cheapest fixed mortgage deals dip below 5%

Homebuyers and those looking to remortgage can now take out a five-year fixed deal that charges less than 5% interest. It's the lowest shorter-term fixed rate for new customers we've seen in a month and suggests rates have peaked following recent turbulence. Below we explain how the new deal works and how it compares.

14 November 2022

The cost of fixed-rate mortgage deals has started to fall, despite the Bank of England's base rate rise last week, as the volatility caused by the Government's mini-budget in September looks to have eased. Variable-rate mortgages are rising, though – here's what you need to know if you're looking to get a new deal.

8 November 2022

The Bank of England has increased the base rate from 2.25% to 3% – the largest single rise since 1989. 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.

3 November 2022

Wannabe homeowners in England with a 5% deposit can borrow up to 20% of the value of a property with a Help to Buy equity loan, interest-free for the first five years. To qualify you'll need to be a first-time buyer, but beware, the way equity loans work is complicated, so it's important you do your research. We've full details here...

1 November 2022

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Thousands of people whose wills are being held by law firm April King Legal have now been told they'll have to pay for this service, which was previously free. How much you'll be charged depends on the option you pick, but it could be as much as £72 a year or a one-off £125 upon death.

26 October 2022

First-time buyers planning to use a Help to Buy equity loan to fund a new-build property purchase have until Monday (31 October) to submit their application. Almost 10 years since its original launch, the Government's equity loan scheme will close for good in March 2023, but anyone who wants to take part must apply by the beginning of next week.

25 October 2022

Interest rates on mortgages could start falling in the next few weeks, following the Government's reversal of its mini-budget which has helped calm the financial markets. If you're looking to get a new mortgage deal soon, here's our latest analysis.

17 October 2022

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.

13 October 2022

Barclays' top 10-year mortgage fix is now cheaper than any two-year deals

Turmoil in the markets has increased the attractiveness of longer-term mortgage deals. Currently, interest rates on many 10-year fixes are not far off those of shorter deals. In fact, the rate on the cheapest 10-year fixed mortgage is actually lower than any two-year fix.

9 October 2022

Homebuyers in England and Northern Ireland, including those purchasing a property for the first time, will pay £1,000s less in stamp duty after the Government announced it is increasing the thresholds at which the tax begins to be charged.

22 September 2022