Effects of credit crunch 'no reason to stay on uncompetitive rate'


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

The effects of the credit crunch are no reason for mortgage borrowers to remain on an uncompetitive rate, according to an expert.

Pauline McCallion, the editor of advice website Your Mortgage, has stated it is "always worth" looking around and thinking about saving money on mortgage repayments.

However, she added that it may not be as easy as people think to find a decent product or deal.

"A lot of banks and building societies have said they'll only be lending to certain types of customers and certain pools of customers," she explained.

"Some building societies have even restricted lending just to their own members - people who already hold current accounts or have a mortgage with them."

Recent research by Moneyfacts claimed that there are now 60 per cent less mortgage deals available in the UK compared to this time last year.

The study also found that of the 250 products available, only 68 of them are offered by the top ten mortgage lenders.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more