Mortgage ‘ticking timebomb’ I warned of has exploded, says Martin Lewis

1 year ago 41

Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%

The consumer champion Martin Lewis has said the mortgage “ticking timebomb” he warned the UK government about last year has “exploded”.

Lewis said on Tuesday that if interest rates were going to be high over three or four years, people were going to have to readjust their finances.