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Yorkshire

Cost of Living

Gas and electricity, mortgages, food, there's no doubt we're paying more for everything and inflation is at its highest for 16 years. 

 

Plus Kevin Mountford of website moneysupermarket.com offers his tips for getting more for your money

 

 



                              Social saving


¹ It's not all doom and gloom! Tina Gelder's final report in this series
¹ Tip: saving when socalising - Kevin Mountford
¹ Tip: how to cut holiday cost - Kevin Mountford


                                Utilities
  

 

¹ Tina Gelder's report on rising utility costs
¹ Tip: keep your utility bills low - Kevin Mountford
¹ Tip: avoid insurance complacency - Kevin Mountford

 

 


 

 

                                Mortgages

 

¹ Tina Gelder looks at the impact of spiralling mortgage rates
¹ Tip: getting the best mortgage - Kevin Mountford

 

Top Tips if you're looking for a mortgage

 

1. Act early

Every day you stay with your lender paying the new higher rate is costing you money. It takes time to agree a new mortgage and if you delay it may cost you the best rate.

 

2. Look beyond the advertised rate

That "good deal" may look attractive but what's the real cost when you include arrangement fees, lawyers, surveyors, exit fees? Look at the total cost of the mortgage over a lifetime.

 

3, Watch out for penalties and tie-ins

A mortgage is a contract. If you break the rules, it will cost you - so think about your own life plans.

 

4, Stay independent

You give up the right to impartial advice as soon as you walk into a bank or building society so don't do it. Use an FSA approved adviser and make sure they analyse the WHOLE market.

 

5. Look, and keep looking

The mortgage market changes every day, so what's best for you today may not be tomorrow. You need someone to check every day that you have the best possible deal

 

Source: Mortgage Monitor

 


 

                        
Cost of Living

 

¹ Tina Gelder finds out how the Benson family are coping with rising costs
¹ Kevin Mountford explains why the cost of living has increased
¹

Tip: Kevin's Top Tip for saving money

Whether you're looking for a loan, credit card, mortgage, savings account or insurance policy, your first port of call should be a price comparison website. These have changed the way we buy financial services as at the click of the mouse, you can see the best deals on the market rather than having to make lots of phone calls for quotes.

What is really important is that you find the best deal, for your own circumstances as what is a good deal for one person, isn't necessarily going to be the best for you.
 

 

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