OTHER GOVERNMENT ADVICE

MORTGAGES / BUSINESS RATES / EMPLOYMENT LAW HELPLINE / COMMERCIAL INSURANCE / UNIVERSAL CREDIT

 

MORTGAGES & FINANCES

  • Mortgage holidays Oct 2020 - mortgage holiday's extended - only claim if you need it
  • Mortgage holiday - up to a 3-month mortgage payment holiday is available.
    • Consult your mortgage company; their T&C's will vary.
    • A permanent holiday will increase your interest due and extend the term of your mortgage.
    • A temporary holiday will have to be caught up and I will cost additional interest.
    • My advice - save it until you really need it.
    • Tracker mortgage should decrease.
    • Fixed rates will remain unchanged, unless your lender permits a concession.
  • Barclays have announced they will just extend your mortgage term by 3-months.
  • MONEY SAVING EXPERT Martin Lewis has some better guidance on this.
  • Money Saving Expert - Martin Lewis - Coronavirus Financial Help & Rights 
    • Covering:
      • Who can apply & How to apply?
      • Will affect credit file (credit scores)?
      • When are deferments repaid?
      • Handy table available.

 

EMPLOYMENT LAW LEGAL HELPLINE 

  • Please remember I am not an employment law specialist.
  • Clients who have subscribed to my tax investigation insurance, has the benefit of a legal helpline covering: employment law, Heath & Safety & Commercial Law. I reminded all relevant clients within the last week.
  • If any client wishes to take up the insurance scheme & legal helpline, please contact me for details.

  

 COMMERCIAL INSURANCE

  • Businesses with commercial insurance should contact their insurance provider to see if there is any business interruption clause that may pay out.

  

 Universal Credit (U/C)

  • Self-employed people with no income can claim U/C.
  • If you have more than £16000 saving (Including ISA's but excluding any pension pots), you are not entitled to UC.
  • A self-employed person with a non-working partner and 2 children and renting in the social sector can receive up to £1800 per month for 3-months.
  • If your family unit varies from this, I defer you to the benefit system.
  • GUIDANCE FOR CLAIMING UC