“Ask a mortgage broker for help.
“If interest rates are going up and you want certainty and you can get a cheap five-year contract, then you can get certainty.
“I can’t promise it’ll be cheaper hindsight, but if you want peace of mind in an uncertain world and boy are we in an uncertain world – then fix and fix longer.”
As mortgage rates continue to rise, Martin Lewis has warned homeowners to start repairing now to avoid potentially crippling hikes in mortgage payments.
Will Rhind, Head of Mortgage Advice at Habito, commented on Mr Lewis’ proposals. He said: “Martin Lewis spoke on the Martin Lewis Money Show Live about a ‘mortgage ticking time bomb’ and expressed his concerns about rising interest rates and changes in consumer affordability amid the ongoing cost of living crisis.
–
