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Wales Online
Wales Online
National
Neil Shaw

Martin Lewis concerned by 'dangerous' mistake people are making with mortgages

Martin Lewis says he is concerned about a dangerous mistake some people could be making with their mortgage decisions. It comes as the founder of Money Saving Expert quizzed Chancellor Jeremy Hunt on his ITV show on Tuesday night.

Earlier in the day Martin had appeared on Good Morning Britain to discuss the current mortgage situation. Average two-year fixed mortgage rates jumped to a 15-year high on Tuesday.

GMB host Ed Balls asked Martin what people should do if they are unsure about mortgages, saying : "Right now, if I was coming off a fixed-mortgage, I'd be rather wary of another fixed now... and I'd go for variable for a while, would that be a wise thing to do?"

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