June 21st 2023.
Today, Consumer champion Martin Lewis met with Chancellor Jeremy Hunt for a private meeting at Number 11. The MoneySavingExpert founder has recently expressed his fears that people could be left with mass repossessions and redundancies if more isn't done to help those facing crippling mortgages.
Mr Lewis shared a picture of the meeting on Twitter, saying: "Just left 11 Downing Street, after being invited to an urgent private meeting with Jeremy Hunt to discuss mortgages".
He went on to add that he had made sure that all of his points he had previously been making about the need for banks to not ramp margins and be more lenient were discussed.
Back in December, Martin had a summit with the minister where he warned of the potential threat from rising mortgage rates. Martin recently told ITV's Good Morning Britain that this 'time bomb' has 'exploded'.
He expanded on this, saying: “We are just going to fall off a cliff, industries will start closing en masse, people will be made redundant en masse and we will have bankruptcies and repossessions.”
It is clear that Martin is concerned about the current state of mortgages and is pushing for more to be done to help those struggling. Hopefully, his meeting with Chancellor Jeremy Hunt today will be a step in the right direction.
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