Martin Lewis has warned renters there will be a "nightmare year" ahead due to rising mortgage and rental costs.
The money-saving expert said he expects mortgage arrears to go on the rise. He added that he is "very worried" for renters and stressed that rules for renters should be re-examined.
Appearing on ITV's Good Morning Britain today (June 27), he said: "It’s going to be a nightmare year.” It comes after a new mortgage charter was agreed to by lenders representing around 85 per cent of the mortgage market, following a meeting between the Chancellor and banks on Friday last week.
