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Martin Lewis issues mortgage warning to every homeowner to lock in best deal while they can

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dailyrecord.co.uk

Martin Lewis has issued a warning to everyone with a mortgage after the Governor of the Bank of England said that it 'will have to act' over the rising cost of inflation.

And while new and existing homeowners are currently enjoying a boom in super-low lending rates, the founder of MoneySavingExpert.com is predicting a “steep” rise for those with a mortgage that isn’t locked into a fixed-rate with their lender.

Writing in the latest edition of the MoneySavingExpert weekly newsletter, the financial guru said: “Mortgage rates are at all-time lows - some can fix at 0.84%.

Yet that may be about to end. A UK rate rise is on the cards.” On Wednesday, the Office for National Statistics (ONS) announced that Consumer price inflation (CPI) is now at

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