Martin Lewis issues advice to homeowners whose mortgage deals are ending soon

Money-saving expert Martin Lewis has issued advice for homeowners who may be in a deadlock deciding whether to go on a fixed or variable rate.

Appearing on his ITV show, Martin addressed the concerns of a viewer whose current mortgage deal will end in December and are unsure of whether they should go into a fixed rate or go into a variable with the hopes that rates will go down.Before directly answering the concerns, Martin issued the following warning: "I need to be very plain.

Martin then looks at market predictions on interest rate, which generally assumes that they will go up a few percentage rates before dropping in 2024 - but not to previous levels. Martin then issued the following advice: "My view on fixed is simple.

Source: Loan Digest (loandigest.net)

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