Martin Lewis has issued homeowners with a 'huge payment shock' warning.
It comes as interest rate have increased, with lots of households facing increased mortgage payments. The Money Saving Expert has now explained the looming mortgage crush, that is set to impact everyone who owns their home.
However, the financial guru also explained that he is working closely with banks and the government in a bid to find some fixes before the worst of the crisis hits. Speaking on an episode of his money saving podcast, Martin Lewis told explained that there will be "huge mortgage shock" in the spring when interest rates are expected to peak and those currently on fixed rates come to the end of their deals, reports Yorkshire Live.
