In October, the cap should drop again to £1,976, before rising to £2,045 in January - according to current forecasts.īut at the same time, homeowners won't benefit from £66-per-month government support, which ended in April. Money Saving Expert forecasts more will be introduced to the market soon, but with the energy cap set to push bills down by 17% from July, customers should be careful about taking up the offers.įrom 1 July, Ofgem is expected to reduce the energy price cap from £2,500 to £2,074, which will effect almost everyone's bills. this account pays a lower rate of 1% if four or more withdrawals are made, which investors may wish to consider.'Įnergy suppliers have begun to offer fixed deals again, but only to existing customers. Sainsbury’s Bank – Defined access saver issue 44 further additions are not permitted, and earlier access is only permitted on account closure and subject to a loss of interest penalty, which should be considered.' Although earlier access is not permitted, investors may be pleased to note that further additions can be made for 14 days from the account opening or while the issue remains open, whichever period is longer.' 'Now paying 5.10%, the product sits as one of our best buys when compared with others of a similar term. Further additions are permitted for two weeks from the account opening.'īeehive Money – five year goal bond issue five A minimum investment of just £1 may appeal to investors, although they should also note no early withdrawals are possible. 'Paying 5.28% gross, it sits high in our charts among bonds of less than three years. OakNorth Bank – 30 month fixed term savings account

Further additions can be made for a fortnight following the account opening, so careful planning is wise.' 'The account pays 5.26% on maturity and requires a minimum £10,000 initial investment. The most popular place to start is our borrowing calculator or our affordability calculator.It's Thursday, and that means .uk expert James Hyde has published his savings deals of the week. Which mortgage calculator is right for me? Our calculators give you a idea of what you might be able to borrow from us to buy a home, and what your monthly and total mortgage payments could be, for different types of mortgages. We won’t ask about groceries, utility bills or travel. Why you’re applying – for example, buying your first home, moving home, or buying a second home.How much you regularly spend – on things like your credit or store cards, loans, overdrafts, maintenance and pension.When you apply for a mortgage or use our calculator, we’ll ask you for information like What information do I need to use a calculator and how do you decide what I can afford? It’s for you if you’re a first time buyer, you’re looking to remortgage, move or buy an additional home, or you’re a buy-to-let landlord. We have different calculators that can help you in different ways – each calculator does something slightly different. It’s a tool that gives you an estimate of how much you could borrow from us or what your monthly repayments and other costs might be, for a mortgage in the UK.

House buying budget calculator