Martin Lewis: What you need to know NOW about mortgage rates

MSE_Emily

Interest rates on fixed mortgage deals are expected to fall over the coming weeks, despite the Bank of England increasing the base rate to 4%. MoneySavingExpert.com's founder Martin Lewis explains what you need to know NOW about mortgage rates in the latest episode of ITV's The Martin Lewis Money Show Live. Watch the clip below or read on to find out more...

Read the full story:

Martin Lewis: What you need to know NOW about mortgage rates

If you haven’t already, join the forum to reply.

ALin6

I really need help! I don't know what I can do, or if I'm seeking help from the right people.
I am paying a mortgage on my own that is shared with ex husband. He has not agreed for the last 3 years to change the product so have been on variable and the mortgage payments have continued to increase and will continue to increase. I have asked so many times for him to agree to a fixed 2 year that would save me £150 a month and make it more affordable and I have agreed to cover any exit fees if needed. He went from ignoring me and my solicitor to saying he will "consider it" and he doesn't make a decision and payment keep rising. Can anyone help - (he is a very difficult person and was abusive in our marriage) 

MattMattMattUK

ALin6 said:

I really need help! I don't know what I can do, or if I'm seeking help from the right people.
I am paying a mortgage on my own that is shared with ex husband. He has not agreed for the last 3 years to change the product so have been on variable and the mortgage payments have continued to increase and will continue to increase. I have asked so many times for him to agree to a fixed 2 year that would save me £150 a month and make it more affordable and I have agreed to cover any exit fees if needed. He went from ignoring me and my solicitor to saying he will "consider it" and he doesn't make a decision and payment keep rising. Can anyone help - (he is a very difficult person and was abusive in our marriage) 

As he is your ex husband, remortgage on your own and buy him out, or sell and split the proceeds then buy somewhere else?

ALin6

MattMattMattUK said:

ALin6 said:

I really need help! I don't know what I can do, or if I'm seeking help from the right people.
I am paying a mortgage on my own that is shared with ex husband. He has not agreed for the last 3 years to change the product so have been on variable and the mortgage payments have continued to increase and will continue to increase. I have asked so many times for him to agree to a fixed 2 year that would save me £150 a month and make it more affordable and I have agreed to cover any exit fees if needed. He went from ignoring me and my solicitor to saying he will "consider it" and he doesn't make a decision and payment keep rising. Can anyone help - (he is a very difficult person and was abusive in our marriage) 

As he is your ex husband, remortgage on your own and buy him out, or sell and split the proceeds then buy somewhere else?

We are going through proceedings and I am not in a position to be able to buy him out at this stage and banks wont lend me enough to buy on my own. And as you can imagine hes dragging out this process leaving me paying highest interest rates possible on our mortgage (we have 2 children too)