Martin Lewis serious credit score warning – don’t extend mortgage holiday for this reason

Martin Lewis serious credit score warning – don’t extend mortgage holiday for this reason

Asked about reducing mortgage costs, he told This Morning viewers: “Absolutely, that’s the no brainer right now. UK interest rates are at their lowest for 325 years.”

“So mortgage rates are at historic low rates too.

“You can get two year fixes from 1.1 percent, you can get five year fixes from 1.35 percent.

“So if you’re someone who has got full income or even furlough income – although that will be factored when they look at what mortgage income you can get – and a good credit score, you should be checking right now to see if you can cut the cost of your mortgage.”

Published at Thu, 04 Jun 2020 20:10:00 +0000