蜜芽传媒

Personal finance expert Martin Lewis explains the impacts of the 0.5% mortgage increase for people on variable-rate and fixed term mortgages; 鈥渢he real issue is for people whose fixes come to an end in 12 months鈥�.

Martin is joined by Managing Director of a mortgage brokerage, Andrew Montlake, who explains 鈥渋t鈥檚 all about the individual client鈥� what will cost for them to break their fix rate?鈥�

Andrew adds, 鈥淚f you're very early on, then it's generally not very worth it鈥� but for people coming off now, that's going to be an extra five or six hundred pounds a month.鈥�

鈥淚f rates do go to six percent, then you could see those people paying up to 拢1000 a month more, which is the real issue.鈥�

This clip is from Nihal Arthanayake on 28 September 2022.