Martin Lewis’ MoneySavingExpert reveals the cheapest megafast broadband deal – here’s how to get it

MARTIN Lewis’ MoneySavingExpert has revealed the cheapest megafast broadband deal currently offer.

It comes just as bills have been hiked across the board, and households are having to fork out more to get connected and get online.

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The money saving team think they’ve found the cheapest deal out there though, especially if you’re looking for super fast speeds and you want your phone line included too.

The tip-off came from this week’s MoneySavingExpert newsletter.

It’s a Virgin Media deal that normally costs just £22.95 month.

But sign up via a specific link from the tips email and you’ll get a £100 bill credit with your purchase too.

That’s automatically applied from the get go, so the saving experts say it essentially means in practice you don’t pay for the first four months.

Or with that discount included, overall it works out to be £17.40 a month.

There’s no set up fee either, which would usually set you back another £35 – good news considering you have to be a new Virgin Media customers to be eligible for the deal too.

You’ll also have to keep in mind that you’ll be tied in for 18 months when you take out the deal, so remember to budget spending that much a month for the next year and a half.

After 18 months the price shoots up to £51 a month as well so make sure you keep a note of when you’re coming to and end with the deal if you don’t want to fork out more.

It’s a deal that’s cropped up from Virgin and the MoneySavingExpert team before, but it didn’t stick around for long.

It won’t hang about this time either – you’ve only got until April 28 to apply.

But it will only work if you’re out of contract with your current provider, otherwise you could face additional fees that cancel out any savings you were in line to make.

According to the savings expert though, as many as seven million households are out of contract, so snapping up the deal is the perfect way to cut costs.

You should only choose a deal that’s suited to your needs however.

There’s no point in splashing out on something that has all the bells and whistles that you won’t even use.

Luckily the MoneySavingExpert team listed a few other examples you could try if you’re still looking for a cheap deal, but are after a different spec.

One example is Shell Energy’s 12 month superfast fibre and line deal.

The 63Mb package works out to be only £16.91 month with the specific MoneySavingExpert blagged link.

How can I get my broadband cheaper?

If you’re not happy with what you’re paying for broadband, you can switch.

Martin Lewis even says, that if you’re paying over £20 a month, it’s too much, and you should consider taking the leap elsewhere.

If you do decide to switch, comparison websites such as Compare The Market and Moneysupermarket can help you to find cheap deals.

But you can only “jump ship” if you’re already out of contract.

If you decide to leave anyway you could face penalties by cancelling before your agreed contract is up.

If you don’t want to leave you could also try haggling down the price.

One Virgin Media customer saved almost £700 on their TV and broadband package just by asking the company in such a way.

Meanwhile, families on benefits such as Universal Credit are often able to get cheaper broadband packages with what’s called “social tariffs”.

Virgin Media has one of its own if the £17 deal isn’t up to scratch for you – the cheaper deal is for people on Universal Credit.

The £15 a month Virgin Essentials offer is only available to existing customers – but it could be a good option if you’re already signed up and are looking to reduce your costs.

There’s also an O2 Virgin Media scheme to help hard-up Brits get free mobile data.

Meanwhile, BT offers a basic £15 a month phone and broadband package for households that claim certain benefits – this deal isn’t affected by price increases this year.

But several other companies provide special discounted rates for customers who are on Universal Credit or other benefits as well.

This post first appeared on thesun.co.uk