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Martin's Broadcast Appearances Discussions

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  • Well done to Martin for tonights programme about the bank charges because of all the media coverage of it lately nearly everywhere I have been today I have heard people talking about it and hopefully now many, many more people will be getting THEIR money back.:money:
    I miss my mum every minute of every day :cry: R.I.P xx
  • i remem another programme he used to do where hed go to ppls houses and do the same thing each time to lower bills etc and iv seen him on other news clips and sorry but find him so annoying. Alot of articles even require alot of effort and dont lead to saving much money, but otherwise parts of the website are very useful and give alot of relevant info so fair play.
  • Ecky-thump
    Ecky-thump Posts: 119 Forumite
    Uh Oh! Next week Martin is on 'five' on "The Wright Stuff" panel - with Janet Ellis - Ugh, No Thanks! I shall not be watching, I'm afraid. I find that lady not easy to watch or to listen to. Sorry Martin, if you read this, but I have given her a good try to get used to her in the past. She doesn't improve. Sorry.

    Also, it's such a waste of Martins' talents on that show, as he never gets enough time to explain his theories and practices, which are always topical and up to the minute!

    Just Love That Man - for his total devotion to saving *us* our money!
  • Martin,

    I have a question about your appearance on Jeremy Vine and the comment about needing savings at 7% before you shouldn't pay off your mortgage.

    My savings are in ISAs of up to 5.8% and my mortgage is only 5.25%. Therefore I was under the impression that leaving my savings in the ISAs is better than paying off my mortgage.

    Please can you explain where the 7% comes from and if my assumption is incorrect? I really want to save the most money and don't want to have my money in the wrong place!

    Helen
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Helen you're doing fine - if your savings are all in ISAs - then there's no tax impact.

    The key is if you're paying tax on the interest - then you'd need to earn 7% (pre-tax) to beat repaying your mortgage. This is all explained in the 'should I pay off debts with savings' article

    martin :)
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • Thanks Martin :j Love the site. :money: It's what I've always wanted!!
  • wolfehouse
    wolfehouse Posts: 1,394 Forumite
    Part of the Furniture 1,000 Posts
    thanks for the timely reminder that banks are there to sell sell sell.
    i have been trying to buy a tracker isa and no bank wants to sell me one (without trying to disuade me and make me speak to their financial advisor or jump through several hoops).
    but they are sooo good at their job...makes you want to just agree and buy whatever. so thanks for making me remember to think twice before being swayed.
  • tryptase
    tryptase Posts: 73 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    My girlfriend was asking "who is that a***hole" this morning. I had to point out that Martin had saved us a lot of money but she was unrepentant. He did appear to have had a few too many espresso's.
  • Just wanna say I loved you on GMTV this morning and the best thing I've seen on TV in ages was how you just ridiculed the woman representing the banking industry... when she said please don't shout and you just said back well please don't lie it was amazing, like one of those teenagers who is so insolent that its poetic!

    xx
    I got food in my belly and a license for my telly
    And nothing's going to bring me down


  • Mobeer
    Mobeer Posts: 1,851 Forumite
    Part of the Furniture 1,000 Posts Academoney Grad Photogenic
    I think it was Martin presenting a news article about the pain of morgage borrowers who took out fixed morgages two years ago and are now seeing their rates jump up to the variable rate. It was an informative clip but managed to give the impression that all fixed rate deals last two years.
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