Media playback is unsupported on your device

Mortgage and interest rises to come: Merryn Somerset Webb

28 June 2013 Last updated at 12:00 BST

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.


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

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.