Money-saving expert Martin Lewis has issued advice for homeowners who may be in a deadlock deciding whether to go on a fixed or variable rate.
It comes after the Bank of England (BoE) hiked its interest rate to 4 per cent. Such a rise will have a direct influence on other rates across the country, especially how much someone will pay back on their mortgage loan.
Appearing on his ITV show, Martin addressed the concerns of a viewer whose current mortgage deal will end in December and are unsure of whether they should go into a fixed rate or go into a variable with the hopes that rates will go down.
