Kit Sproson

Senior Money Writer – Mortgages Expert

As one of MSE's Money writers, Kit's main topics include mortgages, Council Tax, wills, funeral plans and scams. He previously covered credit scoring, students and buy now, pay later. Before joining MSE in 2019, Kit worked as a digital journalist for ITV News as well as a court reporter.

Kit has been nominated for the Mortgage Journalist of the Year Award at the Headline Money Awards in 2022, 2023 and 2024.

In his spare time, Kit enjoys reading, football, travelling and volunteering at Shelter from the Storm.

Latest from Kit Sproson

The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

8 August 2022

Hundreds of thousands of homeowners are overpaying on their mortgage because they're languishing on their lender's standard variable rate, new data from the financial regulator has revealed. Yet savings of £1,000s a year may be available if homeowners remortgage to more competitive deals – something they may want to consider sooner rather than later with further interest rate rises expected.

2 August 2022

Flat-owners impacted by the cladding crisis are being urged to use a new online tool to check whether they need to pay towards any costs of making their building safe. New legislation means most homeowners won't be responsible for footing the bill for remedial cladding work, so this tool can help reassure those affected by confirming whether they'll be hit with a bill of £1,000s or even £10,000s.

27 July 2022

More than 200 mortgage prisoners have launched legal action against lender TSB worth up to £800 million, claiming that they were charged "excessive" interest on their home loans.

17 July 2022

More and more 10-year fixed mortgage deals are coming to the market, with First Direct becoming the latest to launch a product. Fixing for a decade can be done for as little as 3.33% right now and is becoming more appealing as the Bank of England base rate continues to rise. But there are pros and cons to doing so – here's what to watch out for.

7 July 2022

Homebuyers who purchase a new leasehold property will no longer have to pay ground rent from today, as long-awaited legislation kicks in. The move could result in savings of £100s a year for homeowners – though new and existing leaseholders still need to beware the dangers of a short lease, as we explain below.

29 June 2022

The Bank of England has increased base rates to 1.25% from 1% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

20 June 2022

Renters will be given a greater ability to challenge landlords over poor practices and unreasonable rent rises, the Government announced today (Thursday 16 June). The changes form part of a sweeping package of reforms designed to give better rights to private renters.

15 June 2022

Sweeping proposals designed to get more people on to the property ladder have been announced by the Prime Minister today (Thursday 9 June). It comes as homes now cost nine times people's incomes, according to the Government.

8 June 2022

Homeowners and first-time buyers can no longer get a fixed rate mortgage below 2%. Fixed rates have increased rapidly since the start of the year and are expected to continue to rise.

10 May 2022

The Bank of England has increased base rates to 1% from 0.75% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

9 May 2022

Ground rent is to be scrapped on new leases in England and Wales from 30 June when the Leasehold Reform (Ground Rent) Act takes force, the Government announced today (22 April). From this point, ground rent on new leases will never be more than a 'peppercorn' amount – in other words zero – resulting in a potential saving of £100s a year for future homeowners and some existing leaseholders.

21 April 2022

The longest 0% balance transfer deals have dropped to 29 months – the shortest length in more than five years and down from a peak of 43 months almost two years ago.

24 March 2022

The Bank of England has increased base rates to 0.5% from 0.25% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

15 February 2022

The Bank of England has increased base rates to 0.25% from 0.1% after the Monetary Policy Committee (MPC) voted in favour of the first rise in more than three years. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

20 January 2022

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After a year and a half the furlough scheme – where employees could receive up to 80% of their wage subsidised by state funds if they couldn't work because of the pandemic or lockdown – has now closed. For your reference, we've kept information in this guide about how furlough worked whilst it was running. The guide also sets out what help is STILL available for employees, such as statutory sick pay and working-from-home tax support.

30 September 2021