Money expert Martin Lewis is urging homeowners to act now before its to late to benefit from cheaper mortgage deals. It comes after the presenter warned borrowers on a fixed rate deal that it will end soon.
Martin Lewis has also put out a warning to those on a variable rate. Current interest rates have risen 1.25% and the latest Bank of England base rate will put more pressure on mortgage borrowers.
Lancashire Live reports that the rate edged up to 1.25% on Thursday (23 June), up from 1% previously. It is the latest rise and experts say even savers are yet to feel much benefit.
