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Manchester Evening News
Manchester Evening News
National
Phoebe Jobling

Martin Lewis 'lost for words' on ITV This Morning as he struggles to give advice on UK mortgage market turmoil

During a time of financial crisis there is one person that many people turn to for advice - and that is Martin Lewis. The Money Saving Expert founder often offers reliable, up-to-date guidance for those struggling in the midst of the cost of living crisis, but today (September 28) it appeared the finance guru became lost for words.

Martin joined Holly Willoughby and Phillip Schofield on Wednesday's edition of This Morning live from his home to answer questions surrounding the UK mortgage market turmoil. In recent days homeowners and first-time buyers have entered into a state of panic after Chancellor Kwasi Kwarteng revealed his and Prime Minister Liz Truss's plan for the economy.

Since the mini budget on Friday (September 23) hundreds of mortgage deals have disappeared from the market as lenders fear that the Bank of England could raise interest rates even higher to save the pound. Analysis for PA new agency found that 3,961 residential mortgage deals were available on Friday but there were just 3,596 deals available yesterday (September 27).

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