Savers and workers in the UK have faced incredibly difficult circumstances over the last year or so and new research from the Government showed families continued to struggle as 2021 arrived. According to the latest Household Resilience Study, furloughed workers, mortgage holders
Mortgage prisoners are defined as those who cannot leave their current deal due to financial circumstances out of their control. The issue has proven to be problematic for years now, with Martin Lewis pushing the Government for change since at least 2015.
Switching from a standard variable rate to a fixed rate mortgage deal could see a person reduce monthly repayments by nearly £150 per month. The average SVR is 3.62 percent, according to the latest Bank of England figures. This is instead of
House hunting is a lifelong goal for many people who want stability and a place to call their own. While it is possible to buy a home outright, most prospective buyers will need a mortgage. They can extend an already lengthy process
Rishi Sunak announced the scheme in his annual economic update, in what was widely welcomed as good news for those trying to get on the property ladder. The scheme is backed by the Government and will help individuals with a small, five percent
Almost 6.6 million UK adults have nothing set aside for a rainy day, new research from smart money app Yolt has found. It comes as the financial impact of the coronavirus pandemic continues to widen the UK’s wealth gap. Worryingly, Yolt’s research
Martin Lewis is well-known for providing tips and tricks to help Britons save money, but he has also campaigned on a number of issues affecting people right across the country. Martin has highlighted the issue of mortgage prisoners with the website he founded
With the new tax year now underway, there was a plethora of financial matters to discuss today. During his appearance on Nihal Arthanayake’s show on BBC Radio 5 Live, Martin Lewis was on hand to answer a wealth of questions from members
The Money Advice Service explains: “In the past, mortgage lenders based the amount you could borrow mainly on a multiple of your income. This is known as the loan-to-income ratio. “For example, if your annual income was £50,000, you might have been
Halifax released its latest House Price Index today which showed the average house hit a new record high of £254,606, a monthly increase of over 1.1 percent. When compared to March 2020, it was shown house prices grew by 6.5 percent over
