Martin Lewis has warned every homeowner in England the same thing – and following his urgent advice could benefit you.
And they need to act soon, according to the trusted financial expert, who has sounded a fresh warning over mortgages in his weekly newsletter.
Mr Lewis, who has a string of his own shows on ITV1, including the Martin Lewis Money Show and Extreme Savers, is well known as the Money Saving Expert founder.
The consumer champion and financial expert issues updates on everything from benefits and deals to loans and taxes.
This week, Mr Lewis has said households should check they are on the best possible deal as mortgage interest rates fall below 1 per cent.
“Mortgage rates have dropped below 1% – check urgently if you can switch & save £1,000s. Acceptance isn’t always easy, but don’t just accept the status quo,” the consumer expert told this week’s MoneySavingExpert readers.
While there is not a date in mind to check before, Mr Lewis says you should act “urgently”.
The financial expert regularly appears on a string of daytime ITV1 shows like Lorraine and This Morning and Good Morning Britain to offer his expertise, guidance and handy tricks and tips.
Mr Lewis also regularly and routinely updates his followers on his social media channels over the latest financial news and advice you must follow.
MoneySavingExpert’s mortgage calculator can help you if you are checking your mortgage.
Every week, the MSE newsletter – written by Mr Lewis – lands in subscribers’ inboxes with the latest info.