mortgages, personal loans, credit cards and rent-to-own products will have more time to apply for payment holidays under new coronavirus support measures outlined by the Financial Conduct Authority (FCA).
Martin Lewis explained the new “tick box proposals” on the latest episode of The Money Show Live. Under the FCA proposals, consumer credit customers who have not yet had a payment holiday will still have time to request one and those who have already had one, can ask for it to be extended.
Martin said: “Automatic six-month mortgage payment holidays are almost certain to restart next week, they ended on Saturday, October 31.
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