Martin Lewis: Warning for some as fee holidays might damage mortgage utility probabilities | Personal Finance | Finance

“My hope is that as these holidays are particularly for the short-term monetary hit of coronavirus – and because the follow is so widespread – it will not be utilized by many companies, and the place it’s it will not tarnish people’ credit score repute for too lengthy.

“But there is no actual solution to know.”

Despite this, Mr Lewis has urged these struggling to make ends meet to not be offput in in search of a mortgage vacation, in the event that they want the cash to get by throughout the coronavirus disaster.

“Most importantly, I do not consider this could cease anybody who wants a mortgage vacation from getting one – if it is essential for money circulate, simply do it,” he stated.

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