Merryn Somerset Webb
Media playback is unsupported on your device
Video

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.

MORE FROM THE DAILY & SUNDAY POLITICS

Watch more clips of films and interviews, the Sunday Interviews with Andrew Neil, our soapbox films, or 'like' us on Facebook page; 'follow' us on Twitter or see full programmes from the last seven days via BBC iPlayer

Go to next video: RICS: Help to Buy scheme 'right thing'