Times are tough at the moment with the rising cost of living such as energy bills, food, and petrol. The team at Mortgage Required have come up with some tips to help you save a few pennies. Even if you’re not feeling the strain, it is always good to put some of these into practice.
1) Budget
Keep a monthly budget to track your spending and set a limit. This will allow you to see your income, outgoings, spending habits, and understand your overall financial position.
2) Eat In
Keep eating out for special occasions and try cooking at home as much as possible as it can be a cost-effective way to save money. Go one better and plan your meals in advance buying ingredients in bulk where you can save money.
3) Reduce Energy Usage
Turn down your thermostat, turn off lights when you leave a room, and use energy-efficient appliances as reducing energy usage will reduce your monthly utility bills. Also, switching appliances off standby can save around £40 a year.
4) Shop for Deals
Be sure to look for deals in the supermarket, offers on the high street, and voucher codes/ money-off coupons when shopping online to get the best deals. It’s also worth seeing if you can lower your phone bill, or broadband by contacting your provider and haggling for a better deal.
5) Subscriptions
Take a look at your subscriptions and see if you can cut back on any of those you don’t currently use or need. This could be streaming services, magazine subscriptions, and gym memberships.
6) Entertainment
Now more than ever we don’t want to lose doing things that bring us joy. However, there’s no harm in getting creative when looking for entertainment options, this could include; visiting local parks, attending community events, or having a games night!
7) Mortgage
If you don’t have an early redemption penalty to pay - contact us straight away to see if we can save you money on your mortgage payments. Despite the turbulence in the market - mortgage rates are currently falling. Call us on 01628 507 477 or email team@mortgagerequired.com
8) Insurance
Make sure you are getting the best deal on your insurance policies. Contact your car and Pet insurers to see if they offer discounts for existing customers. Home Insurance is another area you can save money in, we currently have an offer of 20% off Home Insurance for existing customers
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
6 days ago
Almost one in five equity release mortgages are now taken out to provide financial support to family.
8 days ago
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
13 days ago
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.
29 Aug 2025
The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income.
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.