Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Chronicle Live
Chronicle Live
Entertainment
Ryan Paton & Aaron Morris

Martin Lewis issues mortgage warning after being 'triggered' live on ITV Money Show

Money man Martin Lewis was left 'triggered' by one viewer's question during last night's instalment of his Money Show, leading him to halt the show while he answered the query in great detail.

The financial expert returned to front yet another edition of his coveted ITV saga, which came as a housing special with the Money Saving Expert founder explaining a series of issues facing the markets.

Joined by three housing experts, the team shared their opinions on what could happen to mortgage and rental rates in the near future - after price rises from Liz Truss and Kwasi Kwarteng's tragic mini-Budget, September.

Read more: Ninja brings back 'heaven sent' 10-in-1 cooker and air fryer that cooks meals in just 15 minutes

The Liverpool Echo reports that Martin explained the current rates are easing slightly as the experts shared their predictions on what will happen over the course of 2023. A viewer named Kayleigh contacted the show as her fixed mortgage rate is set to end in December.

She asked: "Is it best to fix again or go into variable to see if the rates come down?" However, Martin said the question 'triggered a warning' he wanted to give, as he sent a separate message for people waiting for rates to get better.

He said: "I've been quite concerned over recent months as many people have got in touch with me and said am I doing this until rates go back until the cheap rates we have had. I need to be very plain. If you're under 35 you might not realise that the rates we had from 2008 until last year, they weren't low.

"They were limbo-ing well below the prior 300 year historic lows for interest rates. We have lived through an anomaly time so there is absolutely no rule that says things must go back to how they were. I'm not saying they won't, but there is no rule that it must."

To get the latest TV and showbiz news straight to your inbox, click here.

Read next:

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.