Martin Lewis Shares His Advice on Mortgages | Good Morning Britain

Major mortgage lenders face tough questions from MPs wanting to know how they're going to help more than 300,000 people whose mortgage costs will rise over the next couple of months. Martin Lewis talks to Susanna Reid and Ed Balls and shares his mortgage advice.

Broadcast on 11/07/23

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[Riggsnic_co]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[AntonioBianh]

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realize you didn't plan well for yourself and family.

[talhaabur]

This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the Mysticflip on the internet movement when I say ancestral your a gift to our people

[talhakeskin]

As a Retired combat Marine I want to tell you that as what you are doing is just as important as any warrior on the battlefield. You are waging warfare against these criminals and terrorists on the digital battlefield. You are defending and protecting the most vulnerable of our society against these predators. Keep up the good work MYSTICFLIP on the internet

[fpp_emre]

This message is to recognize your contribution to the team’s grant approval success. Your commitment had been exemplary and your hard working is an inspiration to everyone around you. You’re a professional MYSTICFLIP

[ENTERJAYKASHI]

Mortgage should be fixed for the whole length of the mortgage, it's ridiculous how the system is designed

[feyzogzd]

Well done is better than well said and you have proved it with your great effort. You are a perfect and a man of dedication MYSTICFLIP . Keep up the great work!. Having someone like you who’s not only a great innovator but also pulls his best to get the work done so beautifully needs nothing but appreciation. Thanks for the well off work!

[Mariam_]

This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the MYSTICFLIP on the internet movement when I say ancestral your a gift to our people

[mrjelfs]

You're gonna need more than Martin Lewis to save you from this.

[xxx_efw_xxx]

Honestly, we need more people like you MYSTICFLIP if we had an army of people like you, we could stamp out these total loss in no time. I love that you are helping the victims, too it's ultra gratifying when you are to save people in real time like you do thanks 🙏🏻 for getting ours approved

[SIMON-rhbr]

Your out-of-the-box thinking and unique perspective turned an otherwise mediocre presentation into a fantastic one MYSTICFLIP . You did a good job of catching the mistakes and keeping us from wasting time and by taking the wrong path. Your attention to detail really sets you apart from the crowd. Great work! Brandon, Your great work has resulted in tangible, beneficial results to me. You’re a force to be reckoned for doing all these beautiful things to my grant MYSTICFLIP

[mandymorgan]

Mine just went up £500 in one hit! It had already gone up £200 due to the base rate…. It’s all coming together for them! You will have nothing and be happy..

[pjbhptz]

I drive a car that is 20 years old and spent the last 13 years overpaying my mortgage with whatever I could afford. I now have under 23k left on it. I see so many people driving brand new cars on leases - why don't they put that money into paying off their mortgages instead?

[annasmith]

I just phoned the Coventry Building Society. They signed the Mortgage Charter but they do not comply. They will not arrange a new deal until 4 months is left on the current mortgage deal. The staff are rude and told me not to watch TV. Avoid this building society at all costs as their customer and complaints service is terrible.

[DF-ddnf]

I love Martin Lewis!!!! We are very lucky to have him. I am greatful to Martin. He is an angel ! And thanks to also Good morning Britain

[avakholwadia]

Why is this such a huge crisis in the UK and not in other European countries. I live in Belgium and most mortgages are fixed for full term which is upto 35 years. Landlords aren’t increasing the rent because their mortgages are fixed too. Our highest fixed mortgages of 35 years is currently 3.75% which is an increase of 1.75% from a year ago.

[ChrisLitton]

Feel so sorry for people who's mortgage rates up, I'm hoping things will improve soon.

[jjefferyworboys]

Those most effected by the series of sharp rate increases are homeowners who entered the market during the last 15 years. Having only ever known super low rates, for them this was normality even though historically the picture was very different. Tough times ahead for many, sadly not all will survive. Speak to your lender if you need help.

[Randymanfred]

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Defi earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you’re quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, maximize it

[mariowilson]

From £700 mortgage to £1700, that can’t be real!!!