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Daily Mirror
Daily Mirror
Business
Sam Barker

Martin Lewis issues urgent £800-a-year warning to anyone with a mortgage

Martin Lewis MoneySavingExpert

Martin Lewis has urged homeowners to consider locking into a fixed rate mortgage now - before rates start soaring.

The MoneySavingExpert (MSE) founder said that in October 2021 there were more than 50 mortgage deals below 1% and the cheapest fix was 0.84%.

Today, the cheapest is 1.79% - equivalent to an extra £800 a year on a £150,000 mortgage, Lewis said in the MSE newsletter this morning.

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