Martin Lewis shares coronavirus advice and how to survive COVID-19 financially

Martin Lewis, 47, has given Brits advice on financially tackling the coronavirus pandemic which has so far infected thousands of people in the UK.

Writing in his weekly newsletter on the Money Saving Expert website, the guru compiled a list of key “need-to-knows”.

From what to do with your Sky Sports subscriptions to advice on getting train refunds, the MSE founder is on a mission to help Brits with their finances in this uncertain time.

He said: “The UK sadly, rightly, importantly is shutting down. Apart for necessary work, groceries, medical appointments, caring and once-daily exercise, we should all stay home.

“Things are changing constantly. We've seen a staggering number of announcements in the last week alone.”

Here are 6 of Martin’s tips:

1. What to do if you’ve lost your job

According to Martin, you should speak to the firm and “ask if they’re allowed to take you back on to furlough you”.

He continued: “Of course, this is up to employers, and so I’d urge all employers to do what you can – you’re not playing fast and loose doing this, you’re doing that’s intended.”

2. How to pause Sky Sports subscription

Those subscribed to Sky Sports can now pause their payments while sport is suspended.

  • Coronavirus travel advice: Martin Lewis explains how to avoid losing money

3. Train tickets

Almost all train tickets are now refundable so anyone with an advance ticket can actually ask for their money back.

Meanwhile, season ticket holders can get the unused portion of their ticket back but may have to pay around £10 for an admin fee.

4. Package holiday or flight cancelled?

When package holidays or flights are cancelled, you will be due a full refund.

Many firms are currently trying to direct customers towards taking vouchers, if you’re happy with that then Martin says to take them.

But if you’re not, then you are due cash back.

5. Rent and how landlords can help

New rules mean landlords in England and Wales won’t be able to start new eviction proceedings for at least the next three months.

Private landlords are also eligible for a three month buy-to-let mortgage payment holiday if their tenants are going through a financial difficulty.

If your landlord doesn’t have a mortgage, there’s no help and they may be relying on your rent as their income.

And if you’re both struggling, Martin explained: “Try to find a way to ‘meet in the middle’ and work through it together.”

6. Returns policies at shops

H&M has upped its returns from 28 to 100 days for items purchased online or in store, so you’ve got time to get things back during lockdown.

For Martin’s full list of tips you can visit his website but rules are constantly being changed during the outbreak.

  • Martin Lewis
  • Coronavirus

Source: Read Full Article