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Liverpool Echo
Liverpool Echo
World
Rachel Pugh & Sophie McCoid

Martin Lewis tells homeowners how to save £1,000s on mortgages

Martin Lewis urged homeowners  to check their mortgages and potentially save thousands of pounds.

Speaking on Good Morning Britain the Money Saving Expert explained how mortgage rates are currently the best they've been for a long time.

He then told homeowners what they had to do to get a good deal - reports the Manchester Evening News.

He said: "Longterm prediction of interest rates have dropped, and those are the ones that mortgage rates are set on.

Martin Lewis on GMB (ITV)

"Now I'll give you some of the mortgage rates - please see this as a totem and not recommendations, because they've all got specific terms.

"We've got two-year fixes at 1.05% with Halifax, five-year fixes at 1.44% with TSB, and a two-year tracker with Halifax under 1%. It's the first time we've seen rates like that since 2017."

Martin then went on to advise homeowners to check their mortgages to make sure they're getting the best possible deal, explaining that it could save thousands in the longrun.

He said: "My clarion call to everybody out there is that you need to check your mortgage now to see if you could get a cheaper deal and possibly save thousands."

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