Consumer website Money Saving Expert has explained whether an 'urban myth' on the best time to get petrol is actually true.
12.07.2023 - 09:25 / manchestereveningnews.co.uk
Martin Lewis was back at the helm of his self-titled TV show on Tuesday night (July 11) to give viewers his latest advice on mortgages. The Money Saving Expert founder hosted a 'mortgage special' of his live ITV show, The Martin Lewis Money Show Live, which saw him tackle tough questions on the mortgage crisis.
As interest rates continue to rise, many homeowners are facing sky-high monthly repayments that are unaffordable amid the crippling cost of living crisis, where energy prices and other household bills are also soaring.
Whilst introducing the 'emergency' edition of his show, Martin told viewers that mortgage rates were now at a 15-year high. He said: "Today mortgage rates rose again. They are now higher than after the mini budget fiasco, higher than at any time since 2008.
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"Someone coming off a two-year fix now will likely see what they pay rise by £200 a month per £100,000 of mortgage debt. This is no accident, interest rates are being put up deliberately to squeeze borrowers," the 51-year-old warned.
After 13 consecutive interest rate rises made by the Bank of England, the average rate of a two-year fixed deal has now soared to 6.66 percent, according to Moneyfactscompare.co.uk.
Amongst his wealth of advice, Martin explained how concerned homeowners can find the cheapest mortgage deals right now.
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Introducing a three-step guide, he advised: "First of all get your current mortgage details and find out the rate, the type, when your fix ends if it is a fix, the term, how long your mortgage lasts and any early exit penalties for clearing it.
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Consumer website Money Saving Expert has explained whether an 'urban myth' on the best time to get petrol is actually true.
Holly Willoughby is set to become the solo face of This Morning after ITV bosses decided not to find a full-time replacement for Phillip Schofield. The 42-year-old fronted This Morning alongside Phil for more than a decade until he left the show following reports of an affair with a younger male colleague.
Martin Lewis has issued a warning to holidaymakers heading abroad with their phones this summer.
ITV presenter Susanna Reid has announced her departure from Good Morning Britain as she said "bye" in a statement during Wednesday's instalment. The star is heading off on an extended break from fronting the breakfast show for the summer.
Industry experts are calling for the Government to provide up to £1,500 in free cash to the worst-off families to help them with their energy bills and get through the winter. This proposed social tariff is aimed at providing more support to the most vulnerable people who struggle to pay their bills.
Coronation Street actor Martin Hancock believes it's not the end for Spider and Toyah - despite his exit. Spider's last appearance on the Cobbles aired tonight following his year-long return. His return has seen him involved in some of the biggest storylines on the street.Those storylines include the huge extremism grooming gang that Spider helped bring down.
Susanna Reid appeared emotional as she was joined by her friend live on Good Morning Britain. The presenter was back hosting the show on Wednesday (July 19) alongside Martin Lewis when they were joined via video link by cancer campaigner Suki Thompson.
Martin Lewis told Good Morning Britain viewers that he had been brought to tears as he halted the latest edition of the show. The money saving expert founder was back hosting the ITV news programme on Wednesday (July 19) alongside Susanna Reid.
Martin Lewis shared an emotional message on Good Morning Britain today as he presented the ITV show with Susanna Reid.
Patrick Frater Asia Bureau Chief Exports of K-pop albums increased by 17% year on year to reach an all-time record of $133 million in the first six months of the year. The U.S. is now the second biggest overseas market for Korean music worth $25 million, having overtaken China, but still trailing Japan ($48 million), according to data from the Korea Customs Service. The next largest were Germany, Taiwan, Hong Kong, the Netherlands, Canada, the U.K. and France.The record was achieved despite the absence of BTS as a group (though BTS members Jimin, and Suga put out solo efforts) and saw Stray Kids, Tomorrow X Together, Seventeen, Ateez and Twice all make an international impact.
Martin Lewis is urging millions of people across the UK to make sure they are receiving all the financial support they are entitled to by doing a quick online benefits check that only takes 10 minutes. During a special edition of The Martin Lewis Money Show Live, dedicated to the escalating mortgage crisis, the financial guru shared different things people can do right now if they are struggling to cope with increased costs.
Millions of homeowners are set to see their mortgage repayments soar once again as rates have now hit a 15-year high, passing the levels seen in the aftermath of last autumn’s mini-budget.
Martin Lewis has issued an urgent scam warning after a fake video of the money expert was shared online.
Martin Lewis has shared his upset and anger as he issued a scam warning involving himself on Good Morning Britain. The money saving expert founder isn't a stranger to have his face used in adverts and successfully sued Facebook a number of years ago.
Fashion fans have discovered a discount website where brand new and current season ASOS outfits worth upwards of £140 cost £5. each. The website is packed full of thousands of ASOS outfits which are all £5, with its offering including Summer dresses, skirts, tops, coats, shoes and much more suitable for weddings, brunches, festivals, picnics, nights out and Summer holidays.
Martin Lewis has shared how to drastically cut down on bills as he bid people to act today to save thousands.
A British Gas customer says they managed to slash their monthly direct debit by £100 a month after using an online energy bills calculator.
The average annual energy bill is expected to fall to below £2,000 this autumn, according to the latest Ofgem energy price cap predictions.
One man says he's uncovered £137,000 by following expert advice from Martin Lewis.
Ken Bruce, the popular Scottish broadcaster, has revealed that the BBC turned down the opportunity to jointly trademark his iconic PopMaster music radio quiz, prompting him to acquire the rights himself. Having hosted the segment on BBC Radio 2 for over two decades, Bruce recently made the move to Bauer's Greatest Hits Radio, taking the format along with him.