Martin Lewis, 47, shared his top five lenders on This Morning. The money saving expert does not advise borrowing – but if it is really needed, he shared the lenders with the lowest rates today. He said: “There’s big competition among a string of lenders right now. “Usually just a couple fight to be cheapest but now Tesco Bank has dropped rates which makes it five lenders at the top of the best-buy tables for larger amounts – with their rates close to all-time lows.
If borrowing between £7,500k and £15k, Admiral, John Lewis, M&S, Tesco and Sainsbury’s is at 2.9 percent rep APR
Martin Lewis, Money Saving Expert
“Intuitively, with more choice, you’ve more chance of being accepted, so long as you’ve a decent credit score and income, though that’s impossible to validate.
“I’m not suggesting everyone rushes in though – borrowing should only be done if you NEED it (eg, your car for commuting in has packed in, not a jolly holiday), and it’s budgeted for and affordable. If in doubt, don’t risk it.”
So what are the best offers? Martin continued: “If borrowing between £7,500k and £15k, Admiral, John Lewis, M&S, Tesco (newbie) and Sainsbury’s (only if you have its Nectar card) is at 2.9 percent rep APR.
“Yet for this and other amounts, it’s always best to first check a loans eligibility calculator like Martin’s Loans Eligibility Calculator which will show you which loans you are most likely to be accepted for, without adding an application mark on your credit file.
“Do remember all these loans are representative rate, meaning only 51 percent of accepted applicants get the rate advertised. And ensure you pay on time (preferably by direct debit) or you may get a charge and credit black mark.”
Martin then revealed how to get free Amazon delivery on orders under £20.
He said: “Last week was Amazon Prime Day – where it was busting out sales for its Prime only customers and you get free delivery.
“But if don’t have Prime, and still like to shop at Amazon, there’s a nifty little trick to get you free delivery on orders under £20 – which can cost up to £6ish.
“The Super Saver Delivery tools helps find a smaller item to add to your basket to get the total over the threshold.
“For example, say you’ve a £19.50 hair dryer in your basket, it’ll find a 50p washing up sponge to fill up your basket, to the minimum £20 free delivery threshold – which is cheaper than paying the £4.75 delivery.”
Finally, Martin had an airport drop-off hack, explaining how to save money on increasing fees.
He said: “If going abroad this summer, it’s worth knowing that at 19 out of the 30 UK airports including big ones like Luton, Manchester and Edinburgh (not Gatwick or Heathrow) it’s not free to get dropped off at the airport – ridiculously they all charge for a 10-minute drop-off at the terminal.
“And over the last year, eight airports have hiked its fees – some charge as much as £4 for a five-minute drop-off (Stanstead), £5 for a 10-minute drop-off (Southampton) and a whopping £23 for a 30-minute wait (Luton).
“But this can be avoided. Almost all airports, even if there’s a charge to park right outside the terminal, have a free alternative area for drop-offs.
“But you may need to walk up to 15 minutes or take shuttle ride to the terminal. And remember, don’t stop near to the terminal and drop off by the roadside – some airports have double red lines on approach roads and even cameras to catch you if you stop.”
To find out more and sign up to Martin Lewis’ weekly newsletter, visit www.moneysavingexpert.com/latesttip
Source: Read Full Article