The Money Saving Expert Martin Lewis has issued advice to anyone with loan or mortgage as he spoke about the cost of living crisis and practical steps that can be taken now interest rates are skyrocketing.
Talking on BBC Radio 5 Live, he urged people to check they are on the cheapest deals for every type of loan after interest rates soared 10-fold. He spoke about the steps now interest rates are skyrocketing. He warned it is forecasted to get even worse.
Martin claimed there were more than 50 fixed-rate mortgage deals with interest rates below 1% back in October. Fast forward to May 2022 and the cheapest fixed rate is 2.1%.
