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  • Individual Protection

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

"People who choose to protect their mortgage payments with an appropriate insurance policy can do so without fear that their pay-outs will lead to their benefits being cut," Richard Walsh, Building Resilient Households
"People who choose to protect their mortgage payments with an appropriate insurance policy can do so without fear that their pay-outs will lead to their benefits being cut," Richard Walsh, Building Resilient Households
  • Adam Saville
  • Adam Saville
  • @AdSaville_COVER
  • 11 July 2018
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Income from insurance covering mortgage payments disregarded when entitlement to benefits assessed

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...

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