Mortgages

Savings expert gives interest rate warning amid cost of living crisis; plus savings tips


DWP shares tips for finding work this year

The Department of Work and Pensions has shared some essential tips for finding a new job this year.

On its website, the DWP outlined several key steps to take before applying for a new job.

  1. “Do your research – Make sure you research the company or sector you are interested in. Don’t submit an application without drilling into the finer details of a vacancy. ”
  2. “Update your CV – Tailor your CV to the role you are applying for. Many of your skills will be transferable, so make sure you are highlighting relevant experience.”
  3. “Think about what works for you – Whether you are looking for a full-time workplace-based role or part-time role with more flexibility, you can find a job that suits your circumstances. 
  4. “Be flexible – Why not explore opportunities in a new industry? There could be the perfect new role just waiting for you.  Don’t worry if you don’t have experience in this sector, the skills you already have could be used in a new role”

Read the rest of the tips here.

That’s all folks…

That’s all from tonight’s episode of the Martin Lewis Money Show.

We hope his expert advice was helpful.

This isn’t the end of our cash coverage though, our money-saving tips will continue right here.

Water bills set to rise by 7% in April

Martin Lewis warned tonight that water bills are set to rise by 7%.

One person cut their water bill by a staggering £400 by fitting a water meter.

If you can’t get one use the consumer council for water.

Different mortgage calculators to help you make savings

MoneySuperMarket.com

MoneySuperMarket’s calculator requires you to input how many people are purchasing the house, your income and any guaranteed bonuses.

Based on your circumstances, it will tell you how much you should receive and the maximum you’re likely to be offered.

Which?

Which?’s calculator asks how many people are applying and how much their incomes are.

The calculator provides an estimate of what you can afford and gives you a figure to show what your monthly repayments might be.

Barclay’s quick affordability calculator

Barclay’s calculator asks for the number of applicants, income, regular expenditure, the reason you want a mortgage and the size of your deposit.

It tells you how much you can get and gives you an overall rough property budget.

Remember to get a guarantor if you are a new renter

Martin Lewis reminded new renters to get a guarantor if they can.

This can help your applications to get accepted.

Can over-65s get a mortgage?

Martin Lewis revealed tonight that pensioners CAN get mortgages.

He advised getting a mortgage broker to get yourself the best deal.

These mortgages tend to be more expensive than if a young person got them.



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