Merryn Somerset Webb
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Mortgage and interest rises to come: Merryn Somerset Webb

A "normal" mortgage today would be around 7% - and people know the current mortgage and interest rates are not normal - said the editor in chief of the personal finance magazine Money Week.

Merryn Somerset Webb said there was still time to get a five-year fixed rate at 2.5%, but "that was unsustainable anyway" in the longer-term.

She spoke to Andrew Neil about a likely rise in mortgage rates, and whether people could afford to pay the higher amounts, if and when they go up.


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