The money saving expert said he is 'very worried'
Martin Lewis has warned renters there will be a "nightmare year" ahead due to rising mortgage and rental costs.
Asked if he expects to see a big rise in home repossessions, Mr Lewis said: “No, I don’t think we will… for two reasons. He continued: “I think we’re going to see some very substantial arrears…I think we’re going to see people voluntarily getting rid of their homes.“I’m very worried for renters out there that they’re not able to afford to pay what they need. And that we really do need to look at what’s going on in the renting situation.”
Asked what help struggling renters can get, Mr Lewis said there are rent advisers based at local councils and welfare centres.
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