Martin Lewis shares three tips to secure cheapest mortgage deals quickly

The Independent

Martin Lewis shares three tips to secure cheapest mortgage deals quicklyThe Martin Lewis Money Show, ITV

Transcript

00:00 Next thing everybody who's got an existing mortgage should be doing is checking your existing lenders product transfers

00:04 Which is where you get a new deal from the same lender?

00:06 Now these used to be the poor route that you didn't want to do stick with your existing lender. That's all changed

00:12 They can now offer competitive deals with less paperwork and fewer fees and lenders can afford forgo

00:18 Affordability checks for their existing customers, which may mean it's easier to get

00:22 Everybody though should always be checking across the market

00:26 What are the cheapest deals out there use the comparison site to see what's out there. Don't just look at the rates

00:31 factor in the fees

00:33 Over the deal length really important. So small mortgage fees make a disproportionate difference big mortgage fees are relatively less important

00:41 So you have to calculate it in some good comparison sites will include that in there in their comparison

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