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Martin Lewis explains the 'one big change' for mortgage holders as FCA's rules change
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manchestereveningnews.co.ukMartin Lewis has warned about the 'one big change' mortgage holders can't miss as the Financial Conduct Authority's (FCA) rules are set to change.
The money-saving expert has explained the new guidance published by the FCA on Monday - which confirmed that mortgage holidays won't be extended past October 31.However the FCA said that struggling consumers will continue to receive 'individual' support and are able to take a first or second three-month payment deferral until this date.Throughout the pandemic, the mortgage regulator and the government have assured that credit files wouldn't be affected by the taking of a mortgage holiday.Speaking to BBC Radio 5 Live, Martin Lewis said: "So what we know already is those who can't pay and are.
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