Martin Lewis has issued a warning to any first-time buyer who is in the process of looking to buy a house. The Money Saving Expert founder appeared on Good Morning Britain on Monday (September 3) to give his expert advice following the recent property market turmoil.
Homeowners were thrown into panic last week when thousands of mortgage deals vanished from the market. Mortgage lenders have taken their products off sale after concerns that the Bank of England will raise interest rates to as high as six percent, which would increase mortgage repayments by hundreds for many homeowners.
First-time buyers have now been left fearing they will be priced out of the market as the cost of living crisis makes owning a home even more unaffordable in today's current climate.
