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Martin Lewis explains why and when you should get a mortgage payment holiday
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dailystar.co.ukMartin Lewis has shared his tips on mortgage payment holidays as the scheme was extended and told viewers only to apply for the loan "if you need it".
The MoneySaving Expert mentioned the Financial Conduct Authority is proposing to extend mortgage payment holiday scheme by three months, from July 9 to October 31.He explained on The Martin Lewis Money Show the scheme applies to people who want to get a payment holiday for the first time.People who already had the payment holiday can also ask for the three-month extension if they are financially struggling due to the coronavirus lockdown.But Martin said he has a big message regarding the payment holiday."If you need one, do it," he told the viewers."Far better than killing your finances and.
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