Mortgage Protection

For most of us, buying a home is a major financial commitment. So, it is important that we have cover in place to protect your home, if the unexpected happens. A mortgage protection plan will pay off the outstanding balance on your mortgage if you die or become seriously ill. Bringing you peace of mind in the knowledge that your family home is secure, no matter what happens.

When you take out a mortgage, your provider will insist that you have sufficient cover, should you die within the specified term. You can also get cover for several serious illnesses or in the event of permanent total disablement. You will then pay a premium each month for the duration of the mortgage term. If the unexpected happens and you die or are struck by illness before the end of the term, the policy will pay off the mortgage with a lump sum. Your cover will decrease over the term of the plan, broadly in line with the capital outstanding on your mortgage.

As we are a brokerage, we deal with a number of Protection Companies and therefore can ensure that you receive the most competitive premium for your Mortgage Protection Policy. We provide Mortgage Protection starting from €10.00 per month and will ensure that the product you are provided with is suited to your needs.
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For Mortgage Protection required for two people we offer Dual Life Cover. This provides cover separately for the two lives assured on the policy. This cover is offered at the same premium as a joint life policy (provided by your bank) where a claim for one life assured will reduce the overall level of cover for both and end the policy. Therefore, Dual life mortgage protection is a more beneficial option when taking out mortgage protection!