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| DON'T believe the fake ads on Facebook |
| Ridiculously low loan rates – some 2/3rds cheaper than 5yrs ago New. For £5,000-£7,499 loans you can now borrow at just 3.3%, but only do it if you NEED to At every borrowing bracket, personal loan rates are either the cheapest-ever or close to it. Our table below shows they've dived in the past five years. On a £4,000 5yr loan, you'd now pay £720 in interest on the cheapest rate but five years ago, it would have been £1,420. Yet getting accepted is the issue, so ALWAYS use our Loans Eligibility Calculator first, which shows which loans you've the best chance of getting before applying, without hitting your creditworthiness. Should you get a loan? We're not saying get a loan as it's cheap. Only get one if you NEED it, you've budgeted and can afford repayments. If in doubt, don't. Also see our golden rules below the table for more help. Cheapest personal loans (but beware representative rates). All loans are 'rep APR', so that rate ONLY needs to be given to 51% of those accepted, others can be charged more. All below are for 1-5yrs, unless stated.
With Nationwide? It beats most rates by 0.5 percentage points for Nationwide current account holders. Loan Golden Rules. Full help in our Cheap Loans guide. | |||||||||||||||||||||
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| Cash poor, asset rich? Martin's NEW 5-min equity release guide The UK population is ageing, and more assets are locked up in bricks and mortar. Millions have worked hard to gain a home of their own. That's great for security, the problem is as people get older, it leaves many asset rich and cash poor. The solution, according to the ads at least, is equity release. Yet, as always, things aren't straight forward. To help, Martin's written a new 5-min equity release guide and here's a 1-min summary. Check downsizing first. If possible, often the most efficient thing is sell up and move to a smaller home, living off the excess cash from the sale. But if you plan to do it, don't leave it too late - you may put it off so long that in the end you never move. More help in the selling your property guide.Equity release products can be very costly. If you have people to pass assets to, equity release generally means there will be less for them to inherit. Then again, it is your money, so prioritise your own living standard first. Equity release rates are a little higher than normal mortgage rates - 5% is typical - but that isn't the big issue. With a mortgage you usually pay some off each year, yet with equity release you don't repay until you die, so the interest compounds rapidly, meaning what you owe can double every decade. See equity release costs. If you don't do it right, it can be very costly, as Chris tweeted: "@martinslewis my folks did this, then my dad died. Mum had to move - £100,000 to pay for a £25,000 release." There are two types: lifetime mortgages and home reversion plans. The most common equity release products, available from age 55, are lifetime mortgages, where you borrow some of your home's value and repay when you die (though some modern products let you make repayments if you want). The alternative, available from age 60+, is a home reversion plan. Here the provider buys a portion of your home from you for a tax-free lump sum at way below market value, then gets a share of your home's value when it's eventually sold. Click the links for the pros and cons of each. For more on equity release, including how to ensure you do it the safest way, read Martin's equity release guide. |
| Tesco axes price match - but we've a trolley-load of other supermarket tricks to help. See Tesco cuts. FREE kids' coding sessions at Apple stores. Nationwide this summer. Limited spaces, go quick. App-pealing 20% off MAC code, eg, £14 lipstick. Flash offer on eyeshadow palettes, brushes, etc. Not MAC-ing it up World Cup deals: how to score the cheapest England shirt, beers and food. Plus free wall charts. Back of the net. Please be Drinkaware. Plain Lazy five T-shirts £35 via code (norm £110). MSE Blagged. Lucky dip, men's or women's. Plain Lazy |
Tell your friends about usThey can get this email free every week |
| AT A GLANCE BEST BUYS
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| 7 tricks to MAX the summer sales - incl Asos & John Lewis The temperature's rising and so are the discounts in high street shops and at online checkouts, as stores push big summer sales. We've the full lowdown in our top summer sales round-up, with analysis on sales from all the names above & more. But bagging rock-bottom prices is also about clever tactics. So whether sorting your summer wardrobe, getting holiday essentials or planning ahead for Xmas, here's how to max it. Before you buy, remember the Money Mantras. DON'T get into unnecessary debt. Ask yourself: "Do I need it and can I afford it?" If the answer's no, then don't do it.Codes to cut prices further, eg, 35% off Hot Diamonds sale. Always check if there's a discount code, whether there's a sale or not. Examples this week incl 35% off Hot Diamonds' sale, 20% off Adidas and 10% off already-reduced stuff on the eBay outlet for Argos and Evans Cycles. See ALL codes. Get price drop email alerts. A nifty free service gives you a virtual yell when stores incl Amazon & Asos cut prices. Decipher hidden discount codes on price tags. Staff use 'em when prices will soon drop - see what to watch for. Abandon your online shopping basket. If you do, shops will often email discounts to tempt you back. Be a haggling hero. Sales can be an invitation to haggle - see how to haggle in stores and online via help chats. Bag a free longer warranty with John Lewis. It lasts 2-5yrs on electricals - combine with its sale or price promise. See lots more nifty savers in tricks to uncover hidden shopping bargains. |
| £7,000 COUNCIL TAX REFUND - SUCCESS OF THE WEEK: "Thanks for highlighting how people living alone with severe mental impairment shouldn't pay council tax. I got my mum more than £7,000 refunded." (Send us yours on this or any topic) FREE Toby Carvery meal for military personnel on Armed Forces Day. Plus see our round-up of other discounts available, incl 20% off Yo Sushi. Armed Forces discounts |
| CAMPAIGN OF THE WEEK Teachers: grab your seat at a free financial education conference. Education charity Young Money (part of Young Enterprise) is running a conference in Birmingham on 14 November, free for any interested teacher or practitioner of financial education. Expect workshops and sharing best practices. Register to attend or check out these free resources. |
| THIS WEEK'S POLL How good is your mobile network's service and coverage? We want to find out how each provider rates both for service (how they treat you) and coverage (how strong the signal is when you need it). How good is your mobile network's service and coverage? Older groups are more willing to admit being scammed. It's scams awareness month, so in last week's poll we asked if you'd admit to being a victim. Over 2,500 responded and, thankfully, the vast majority hadn't had the misfortune. Interestingly, younger groups would be more reluctant to admit being conned. See full poll results. |
| MONEY MORAL DILEMMA My friend won't buy travel insurance - what should I do? My travelling companion has not taken out travel insurance, despite our trip having been booked and paid for. He says he will nearer the date. I have stressed the importance of doing it now, so he's covered for cancellation, but he is unfazed. What should I do? Enter the Money Moral Maze: My friend won't buy travel insurance | Suggest an MMD | View past MMDs THE QUICKIES - Debt-Free Wannabe chat of the week: What small DFW things will you do this week? |
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| MARTIN'S APPEARANCES (WED 27 JUN ONWARD) Thu 28 Jun - Good Morning Britain, ITV, Deals of the Week, 7.40am MSE TEAM APPEARANCES (SUBJECTS TBC) Wed 27 Jun - BBC Cumbria, Money Talks with Steven Bell, from 6pm |
| QUESTION OF THE WEEK Q: I never use my landline, but always end up paying for line rental as part of my broadband deal. Is there a way to ditch the line rental and still get decent broadband? Maja, via email MSE Weleid's A: You can, though it's not often worth it. Virgin is the only major provider that allows you to have broadband with no phone line, but it's usually cheaper to take a deal for broadband AND line rental from it or another firm. Almost all providers bar Virgin compel you to pay line rental (with them or another firm), if you take their broadband. See our Cheap Broadband & Phone guide for full help and the top deals. Please suggest a question of the week (we can't reply to individual emails). |
| 'I SOLD MY VINTAGE MICKEY MOUSE JACKET FOR £300' That's all for this week, but before we go... some old clothes or fashion items are worth hanging on to, as they go up in price. Via social media we recently saw a 10-year-old Hermes bag that originally cost £7,000 but sold for a whopping £162,000. At a more realistic level we spotted a £50 Mickey Mouse jacket that went for £300. If you've any similar stories, share them on our fashion 'investment' Facebook post. We hope you save some money, |
Important. Please read how MoneySavingExpert.com worksWe think it's important you understand the strengths and limitations of this email and the site. We're a journalistic website, and aim to provide the best MoneySaving guides, tips, tools and techniques - but can't promise to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. What you need to know This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances - and remember we focus on rates not service. We don't as a general policy investigate the solvency of companies mentioned, how likely they are to go bust, but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). We often link to other websites, but can't be responsible for their content. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Please read the Full Terms & Conditions, Privacy Policy, How This Site is Financed and Editorial Code. Martin Lewis is a registered trade mark belonging to Martin S Lewis. More about MoneySavingExpert and Martin LewisWhat is MoneySavingExpert.com? Who is Martin Lewis? What do the links with an * mean?Any links with an * by them are affiliated, which means get a product via this link and a contribution may be made to MoneySavingExpert.com, which helps it stay free to use. You shouldn't notice any difference; the links don't impact the products at all and the editorial line (the things we write) isn't changed due to them. If it isn't possible to get an affiliate link for the best product, it's still included in the same way. More info: See How This Site is Financed. As we believe transparency is important, we're including the following 'un-affiliated' web-addresses for content too: Unaffiliated web-addresses for links in this email barclays.co.uk, hsbc.co.uk, rbs.co.uk, firstdirect.com, sainsburysbank.co.uk, santander.co.uk, paybyfinance.co.uk, zopa.com, admiral.com, ratesetter.com, postoffice.co.uk, mbna.co.uk, moneysupermarket.com, confused.com, gocompare.com, comparethemarket.com, directline.com, aviva.co.uk, Financial Conduct Authority (FCA) Note MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). MoneySavingExpert.com Ltd is a company registered in England and Wales. Company Registration Number: 8021764. Registered office: One Dean Street, London, W1D 3RB. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited. To change your email or stop receiving the weekly tips (unsubscribe): Go to: www.moneysavingexpert.com/tips. |
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