Martin Lewis has spoken out against critics who he says are labelling him as a "prophet of doom".
It comes after he warned renters and mortgage owners that they're in for a "nightmare year", citing rising costs. Figures released by Moneyfactscompare.co.uk on Tuesday showed the average two-year-fixed-rate homeowner mortgage in the morning was 6.26 per cent, an increase from an average rate of 6.23 per cent the day before.
Meanwhile, the average five-year fixed-rate homeowner mortgage on Tuesday morning was 5.87 per cent, up from 5.86 per cent the day before. However, average fixed rates are still below the highs seen last autumn following September's catastrophic mini-budget which saw average two-year fixes hit 6.65 per cent in October.
