# The Loans for Mortgage Interest Regulations 2017, Regulation 14A: Insurance payment deduction


(1) In the case of a legacy benefit claimant or UC claimant, where the claimant or the claimant’s partner is in receipt of a payment under a policy of insurance taken out to insure against the risk of being unable to maintain owner-occupier payments within the meaning of Schedule 1, a deduction from the loan payment calculated under regulation 10 shall be made equal to the amount received in respect of owner-occupier payments.
(2) Where the amount referred to in paragraph (1) is equal to or more than the loan payment, the amount of the loan payment shall be zero.

---
Source: https://www.legislation.gov.uk/uksi/2017/725/regulation/14A (the official version)
Page: https://openlegislation.uk/loans-for-mortgage-interest-regulations-2017/regulation-14A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.