Martin Lewis issues warning to BT, Virgin, Plusnet, Sky, and Vodafone customers over broadband 'price war'

Martin Lewis has a top tip for any broadband customers in the UK, as some of the top providers launch into a price war.

The financial guru reckons internet surfers could be getting significantly faster connections for less money, but you'll need to act fast.

In his latest Money Saving Expert round up, Lewis reiterated that to get the best broadband deals, you often need to 'pounce on short-lived deals, usually via comparison sites'.

And guess what? It's officially time to pounce.

Virgin has cut its prices and can now reach more homes in the UK than ever before, while Vodafone and Sky are also offering some of the cheapest bargains of the year too.

There is one catch, and that is that you need to be out of contract with your current provider, but according to Lewis, around seven million homes are currently out of contract and many of them don't even realise.

You could save hundreds on your broadband bill each yet (Getty Stock Images)

"With seven million homes out of contract, free to switch, yet being charged way over the odds... check what you pay now," he wrote.

One woman who regularly receives the financial tips email recently revealed she had shared an impressive £864 over two years by switching her broadband contract, after sticking with BT for more than two decades.

"When my contract was coming to an end, BT upped it to £60 a month for my broadband. I took Martin's advice to check what was out there. Ended up elsewhere at £24 a month. Over a two-year contract, that's a whopping £864 saving," she said.

It can be daunting to make a switch, especially when you're not particularly savvy with what all the tech jargon means, so the easiest thing to do is use a broadband comparison site, like the one on the Money Saving Expert website to look at the top deals for your postcode.

Meanwhile, the financial journalist has been dishing the dirt on how to save money on other utility bills amid the ever increasing cost of living crisis.

Martin Lewis has a warning for anyone paying for broadband (Getty Images)

As we approach winter, heating bills tend to be a huge concern for a lot of people who are watching their pennies, but there is often a divide on how best to manage your heating. Some prefer to keep it on low while others opt to just turn it on every now and then for a quick blast when needed.

But what is best? Luckily the MSE team have it covered, and have revealed that team 'on and off' have got the right idea.

"Leaving the heating on all day leads to greater heat loss and means higher cost," they explained.

"The main UK public body for reducing energy use and carbon emissions is the Energy Saving Trust. Its formal answer is that leaving the heating on all day consumes more fuel, leads to greater heat loss, and that means higher costs.

"The concept is simple: pump heat into your home when you need it; don't pay to keep pumping it when you don't.

"It says this is the best way to save energy and money. Using a timer is best, so your thermostat turns your heating on and off to keep your home at the temperature you want."