Money saving expert Martin Lewis is warning home buyers to think twice with rates expected to soar to six per cent next year.
The finance guru suggested first time buyers should not buy a house now unless they are fully prepared and plan to live in it longterm.
"If you've got a decent deposit, and you've found a house that you love, and you've got a mortgage that is affordable for you, and you're going to stay in that property for a long time, get on with it, buy your house," he told Good Morning Britain.
