DWP: Mortgage protection pay-outs excluded from means-testing

Changes to State benefits covering mortgage payments during prolongued loss of income due to sickness will not lead to a mortgage protection pay-out being means-tested against benefit entitlement, a request for clarification from the Department for Work & Pensions (DWP) by the Building Resilient Households Group has revealed. The introduction of a Support for Mortgage Interest Loan (SMIL), which came into effect on 6 April 2018, increased the need for mortgage holders to consider protection in order to protect payments in the event of long-term sickness absence or due to other causes. Un...