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Martin Lewis warns millions are paying too much for broadband – here’s how you could save hundreds

By Joel LeaverTrends Writer / Entertainment Reporter Daily Post 07:54, 1 JUL 2020

The Money Saving Expert has warned everyone to check their latest broadband bill

Martin Lewis has urged homeowners to consider switching their broadband provider.

The 48-year-old made the warning in his latest email to Money Saving Expert subscribers, in which he outlines cost-cutting measures for the week that could save you hundreds!

He explained that “a huge nine million households out of contract” with some likely “paying a rip-off” fee of over £50 a month for the slowest broadband speeds.

The financial journalist commented: “Broadband is all about speed. Not just with your connection, but it’s also about pouncing to grab short-lived promos for newbies.”

Martin said that “everyone should check if they can slash costs” with their broadband and recommended a few current deals.

The deals

The financial journalist has explained that two providers, Virgin and Shell, are currently “slugging it out with hot new deals” that are only available for a few days.

These broadband firms have both been given “reasonable feedback” by customers so they’re neither the best nor the worst out there.

Virgin Media

Virgin Media is offering 108mb fibre, considered ‘mega-fast,’ for around £20 a month – though this is broadband only, with a new phone line provided.

Martin explained that customers can apply via this Virgin link, with the deal itself priced at £24 a month on an 18 month contract.

Those who apply however can claim a £75 Amazon voucher which essentially brings the contract price down to £19.84 – a saving of more than 50 percent for those on high tariffs.

This deal is the cheapest mega-fast broadband but is only available to around half of homes – and it ends at midnight Friday (July 3) so you’ll have to act fast.

Shell Energy

Martin also recommends Shell Energy’s 64m fibre deal which provides very fast broadband and line rental.

This deal is available to almost all homes and can be applied for via this Shell link – officially priced at £29.99 a month.

Money Saving Expert has however managed to get customers an automatic £125 bill credit within three months – which equates to a total £234.88 outlay over the one year contract.

This means the broadband contract is equivalent to £19.58 a month – though it ends on Monday (July 6).

And for those wanting perhaps a cheaper but more basic contract, Shell Energy is also giving 11mb broadband and line rental for an equivalent price of £15.83 a month – with the deal ending on July 13.

It’s available to almost all homes and can be applied for via Shell link – initially costing £19.99 a month.

Customers however get an automatic £50 bill credit within three months which is an £189.88 outlay over the one year contract – ultimately bringing the price down to an equivalent of £15.83 a month.

To see the other Virgin Media and Shell Energy deals, visit Money Saving Expert’s comparison site here.

Switching need-to-knows

Martin Lewis has also issued guidance on how broadband customers can best switch their provider.

The Money Saving Expert co-founder even offers 6 switching need-to-knows, which are as follows:

  1. Speed: Consider if you really have a need for speed as faster costs more. Those who do light browsing and streaming should be fine on a standard rate – it’s perhaps gamers or those with multiple devices that need faster speeds.
  2. Advertisement: Customers may be sceptical that they won’t get the speeds advertised anyway. Martin however says rules have been tightened up in recent years, so the advertisements are more accurate.
  3. Haggle: If you’re happy with your current set-up, you should consider haggling. Martin notes that “it’s often easy to get a deal.”
  4. Engineers: Some Virgin switchers may need an engineer visit though this is often explained before sign-up. They may even be able to do this remotely without coming to your home. Most providers don’t require a visit though it’s something to be aware of if you’re leaving or joining Virgin.
  5. Downtime: Switching typically means you’ll be offline for about 2 hours. You’ll be told the switch time in advance and Martin assures that it’s often quick.
  6. Price hike: Martin warns that some providers can hike prices a little – typically in line with inflation once a year. In-contract rises tend to be small and most providers do it so it doesn’t necessarily mean you need to switch again.

A more comprehensive guide to switching is available on the Money Saving Expert website.

The Martin Lewis Money Show continues tomorrow (July 2) on ITV at 8.30pm.

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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