Martin Lewis issues coronavirus payment holiday warning to homeowners and credit card users

Martin Lewis told viewers that from August 1, the BBC TV licence fee will only be free to anyone over the age of 75 who is receiving Pension Credit. The founder of MoneySavingExpert.com estimates there are over 1.5 million eligible households across the UK that haven’t claimed the benefits top-up because they don't realise they can.

Martin Lewis has told his wife Lara Lewington that he loves her very much despite her on-air gaffe on Thursday's Martin Lewis Money Show.

Birmingham Live.Writing to his followers, he said: "APOLOGY. I made an error on the #martinlewis show just now."The top 1 year fixed savings is Marcus account, which is what I thought I'd said, but I've been told I said Metro bank.

Birmingham Live. "My view is IF YOU NEED A PAYMENT HOLIDAY, DO IT, BUT ONLY IF NEEDED," he says."The reason it's not a 'grab it' is two-fold."First, because the holiday is just a deferment, you still have to pay what's missed, and the interest that's racked up, later."Plus, while it won't go on your credit file, as I revealed a month ago, payment holidays can affect credit scores as lenders use other methods to detect them."But if you're struggling to repay, and need cash flow, do it.

latest email to shoppers, the Money Saving Expert explained that the Passport Office has said that renewing is taking longer than the usual three weeks, reports the Mirror. Due to the pandemic, some people have reportedly waited as long as three months to receive a new passport - meaning many may be unable to go on holiday as restrictions are listed.A woman called Tracy emailed Martin to complain: "Been waiting 13wks.

Birmingham Live. He added: "And what that means is that you get your quote in the first year and it will be competitive."Then, if you do not change the year after that, they walk the price up slowly - maybe 25 per cent."More the year after, more the year after, a little bit more the year after."The golden rules when it comes to getting home insurance is NOT to auto renew.

Ryanair is currently offering sunseekers discounts on 250,000 seats with prices starting from just £29.99. The budget airline is promoting the online event with the added incentive of 'no change fees' for customers during July and August 2020.

Money Saving Expert has hit out at the ad and said he has had messages from 'upset friends' after seeing that once again, scammers are cashing in on his 'death'. One fan tweeted him the ad which showed a photo of him and a breaking news banner which says 'Farewell Martin Lewis - The UK is in shock.'Martin retweeted it and blasted the scam advert.

coronavirus continues to affect every household in Scotland. Thousands of people across the country have been dealt a financial blow and affected by the Covid-19 pandemic.