Support for Mortgage Interest

If you’re a homeowner, you might be able to get help towards interest payments on:

your mortgage loans you’ve taken out for certain repairs and improvements to your home

This help is called Support for Mortgage Interest (SMI).

You usually need to be claiming a qualifying benefit to get SMI.

SMI is currently paid as a benefit. From 6 April 2018 it will be paid as a loan.

Whether your SMI will be paid as a benefit or a loan depends on when you get, or are treated as getting, your qualifying benefit.

If you get SMI as a benefit, it will stop being paid from 5 April 2018. You’ll get a letter before then about the SMI loan and other options available to you.

There’s no guarantee that you’ll get SMI for a mortgage or loan you take out.

What you can’t use SMI for – SMI can’t help you pay:

the amount you borrowed – only the interest on your mortgage anything towards insurance policies you have missed mortgage payments (arrears).

support for mortgage interest

Substantial changes to benefits such as child and working tax credits, income-based job seeker’s allowance, income support and housing benefits for those renting and with mortgage, all of which are being replaced by ‘capped’ universal credit, mean that families need to do all they can to protect themselves financially.

There are also major alterations to support for mortgage interest (SMI), the safety net which has underpinned mortgaged homes across the UK since 1948. Worryingly, this is the only safety net in place for many families if they were unable to pay their mortgage. People now have to wait 39 weeks before receiving this benefit instead of the previous 13, which could be too late for many if they have no other protection in place. Continue reading

Insurance Premium Tax

Insurance Premium Tax to increase

Please note that from today, Thursday 1st June, the rate of insurance premium tax (IPT) as set by the Government will increase from 10 per cent to 12 per cent.



The standard rate of IPT, which increased from 6% to 9.5% last November, is increasing again to 10% from 1st October 2016. The increase will apply to home, pet, motor and private medical insurance and the increase is being used to improve flood defences throughout the UK.


Could you afford a month’s rent if you lost your job?

Many families could not afford a month’s rent if they lost job – Shelter

One in three families in England could not pay their rent or mortgage for more than a month if they lost their job, a study for the charity Shelter suggests.

High housing costs and a lack of personal savings are cited by the charity as reasons for this.

The online survey by pollsters YouGov in July questioned 1,581 people in working families with children.

“Strong protections” are in place for “those who fall on difficult times,” a government spokesman commented.

The spokesman said: “We are introducing the National Living Wage, increasing the personal tax allowance and giving the next generation choice and flexibility in their savings, including the Help to Save scheme for people on low incomes.

“We are continuing to spend around £90bn a year on working age benefits to ensure a strong safety net for the most vulnerable.

“And for those who do fall on difficult times, there are strong protections in place to guard against the threat of homelessness, and ensure we don’t return to the bad old days when homelessness in England was nearly double what it is today.”

Source –

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Everyone needs some form of cover, what type and how much you need depends on your circumstances. Simply click on the link “request a quote” complete the simple form and get a personal quote for life cover or critical illness.

Once you have your quote, you can either proceed to full application or give us a call if you feel you need advice / guidance 0800 093 2958




In support of the world’s biggest men’s health charity, Movember, Aegon has revealed a breakdown of the critical illness claims for men in the first six months of this year.

Aegon’s claims experience revealed £10 million has been paid for male critical illness claims, with the top three causes, cancer, heart attack and stroke remaining unchanged from last year.

Cancer accounted for 50% of all claims resulting in £5 million being paid to customers.

Prostate cancer, representing nearly one in every five claims, remained the most common reason for claiming among men.

In support of Movember, Aegon has renamed its protection web pages Brotection, included the case study of three-time cancer survivor Patrick McIntosh and assembled a team to help raise funds for the charity.

Dougy Grant, Aegon’s Protection Director said: “Many men simply don’t want to talk about health issues or take any action and die too young. That’s why raising awareness of men’s health issues is so important.

“Awareness campaigns like Movember help to encourage men to take an interest in their health and catch serious health concerns early enough to be able to treat them.”

He also added: “In 2014 we added early stage prostate cancer to our list of additional critical illnesses, so we can look to help more customers and create a stronger case around the importance of critical illness cover.”

7 Families

7 Families is a charity led campaign to provide a tax-free income for one year to seven people who have lost their

income because of a serious or long-term illness or disability.


About the Initiative

Seven Families is a charity led campaign to provide a tax-free income for one year to seven people who have lost their income because of a serious or long-term illness or disability.

We aim to highlight the need for people to plan financially in case they become too ill to earn an income and the charity Disability Rights UK are working with seven families where the main breadwinner has been forced out of work by an accident or illness and not received any related insurance pay out.

The campaign has three aims: To raise public awareness of the financial impact of long term illness or disability; to help seven real families who are facing financial meltdown; and to demonstrate the value of independent living support, rehabilitation and counselling, through trying to help get people back to work.

Meet the families “click here”

Legal & General

Legal & General paid out over £8.5 million to women who had been diagnosed with breast cancer in 2014.

The average age of someone making a claim for this illness was 49 years old.

Legal & General issued its claims statistics to support Breast Cancer Awareness month, which is taking place this October.

Breast cancer is the most common cause of cancer in women in the UK and can affect both men and women. Statistics published by Cancer Research UK found that in 2011 nearly 50,000 women were diagnosed with the disease, the equivalent of more than 130 women a day.

A woman in the UK has a one in eight chance of being diagnosed with breast cancer during her lifetime.

Mark Holweger, managing director, intermediated at Legal & General Assurance Society said Breast cancer is a huge issue for women in this country and Legal & General fully supports Breast Cancer Awareness Month. With over a 100 women being diagnosed each day it is really important that anyone who has any concerns speaks to their doctor as soon as possible.

“Breast cancer can be diagnosed in anyone, man or woman, young or old, so it is vital that everyone makes sure they are aware of the symptoms and takes steps to protect themselves.”

Further reading 

Four in ten female CI claims for breast cancer

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