Couple of thoughts:
- Some of a redundancy payment (where received) will be assessed as savings when applying for Mortgage Interest Supplement.
- If one person loses their job but the other partner is still working full-time, neither qualify for Mortgage Interest Supplement (does mortgage protection pay in this case, I know nothing about it?)
- Mortgage protection pays the full amount due (?), Mortgage Interest Supplement is based on the interest portion only, which could leave a significant gap if the mortgage is several years old.