“The message I am giving to people is now is the time to review it. A lot of people have been sitting on SVRs not having to make a decision.
“Unfortunately, we are slipping back into a spending culture. Base rates have been so low and people are spending again like before the recession.
“What I try to do is encourage people to live their lifestyle not around their mortgage being 1.89 per cent but 4 to 5 per cent and over-pay the difference. People should not live as though interest rates are always going to be so low.”