Martin Lewis put his head in his hands as he shared his fears about the volatile property market.
The MoneySavingExpert founder was hosting Good Morning Britain alongside Susanna Reid on Monday. During the show, Martin spoke at length about the cost of living crisis and answered viewers' questions.
One viewer, Sean, was particularly worried about the current mortgage rate issues and how this affects rental properties.
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Read out by Susanna Reid, Sean asked: "If mortgages are going up, what does that mean for people who pay for their properties? Are rents going to go up too?"
As soon as Susanna said the word 'rent', the finance guru sighed and put his head in his hands. After taking a moment, Martin said: "Probably. You would assume that many people who own properties have mortgages on them so their costs are going up and they will want to pass them onto consumers.
"You can also assume that less people may be buying which will put more people into the rental market."
He added: "On the other hand, we have a cost of living crisis where people have less money so they may be willing to pay less for rents which could drive prices down. I'd probably go with the first option as most prices are going up so renting prices are likely to go up but we are not in a period of certainty at the moment."
Some Good Morning Britain viewers responded on Twitter to Martin Lewis' prediction to say that they were already seeing their rent costs rise. @rachelbyrne86 tweeted : "My council wrote to say they potentially will be raising my rent in line with inflation plus 1%, a total of 12%."
@RebeccaWebber89 said: "Rent has already gone up its not just a case of eat or heat its also how do you eat or heat when you can't afford the rent to keep the roof over your head, unfortunately this is now the case for a lot of families disabled carers etc something needs to be done to help."
@Whgenie said: "Keep up... rents have been rising drastically for the last six months."
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