MoneySavingExpert Martin Lewis has issued an important message to all homeowners in the UK. Speaking on his ITV show, the finance expert dished out some brilliant advice on three-month mortgage holidays.
He said: "Under the regulator's plans, you'll have till October to apply for one, and those who have already had one can extend. "Yet interest racks up and it can impact you creditworthiness... "My hope is that as these holidays are specifically for the short-term financial hit of coronavirus – and as the practice is so widespread – it won't be used by many firms, and where it is it won't tarnish individuals' credit reputation for too long. "But there's no real way to know. "Most importantly, I don't believe this should stop anyone who
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