The government do offer assistance, but the amount can be alarmingly low and won’t last long.
For example, a single person over 25 is only entitled to £74.70 of Jobseeker’s Allowance each week, the standard rate for statutory sick pay is just £96.35 a week (paid to a maximum of 28 weeks) and Employment and Support Allowance for a single person over 25 suffering illness or disability starts at just £73.10 a week.
If you’re taking out a new mortgage or re-mortgage, you are unlikely to receive any assistance with your mortgage repayments for the first 9 months of your claim. Moreover, the payment of state benefit only applies to mortgage interest payments up to a maximum loan of £200,000, or on a loan of £100,000 if receiving pension credit. It does not cover capital repayments, or any other related costs such as the premiums paid on a life insurance policy or savings plan linked to a mortgage.*
*Based on Paymentshield’s understanding of the current state benefit system.