Martin Lewis has explained exactly how struggling homeowners can bag the cheapest rates on a mortgage - after a 15-year high with regards to repayment prices. This shocking revelation also surpassed the peak in the aftermath of the disastrous Mini-Budget last year.
The average rate on a two-year fixed mortgage is now 6.66 per cent - which is a level not seen since the financial crisis of August 2008. Rates have rocketed off the back of the thirteenth consecutive interest rate hike by the Bank of England - with a current base rate of 5 per cent.
Speaking on the crisis during a special edition of his Money Show Live last night, Martin took to ITV to detail how homeowners can check for and secure the best going rates. He firstly advised that homeowners gather all of the relevant information needed about their current deal.
