Martin Lewis says homeowners should check their mortgages now to make sure they’re not missing out on cheaper deals.
Speaking in his segment on Good Morning Britain , the Money Saving Expert explained how mortgage rates are currently the best they’ve been.
He said: “Longterm prediction of interest rates have dropped, and those are the ones that mortgage rates are set on.
“Now I’ll give you some of the mortgage rates – please see this as a totem and not reccomendations, 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 urged: “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.”