Martin Lewis shares home buying tips on TikTok

MSE_JC

Hello MoneySavers!

This week at MSE Towers we are all very excited about the launch of our new TikTok channel, bringing you the MoneySaving wisdom you have come to expect, in super-small chunks. 

You can follow us at www.tiktok.com/@martinlewismse 

Each day this week Martin Lewis will be sharing a short tip about buying a home. Here's the first video: 



To learn more, check out our Lifetime ISAs guide which explains why buying a home starts with £1.

The second video is about deposits:



Check out our Ultimate Mortgage Calculator.

Today's video is about how mortgage rates work:



Take a look at Martin's first-time buyers' mortgage guide

We'll share the next tip here tomorrow, so stay tuned!

SDLT_Geek

Good tips.  How about one on first time buyers' relief from stamp duty land tax?

MSE_James

Today Martin is looking at fixed vs variable rate mortgages:

As ever, we also have a guide that explores this question in much more depth.

MSE_James

Today is the last in the series of home-buying videos:

For more, see How to get a mortgage: More tips to boost your chances and Martin’s 27 ways to boost your credit rating.

hackneylou

People wanting to use a LISA (Lifteime ISA) in London should be very aware that the limit is 450k - sounds a lot but doesn't buy more than a 1 bed in most parts of London.

And if you decide not to use your LISA because most decent flats are 500k you will lose money - your own savings not just the extra money given by the government. This is becoming a real problem in London.