Mortgage Protection: broker v bank

When applying for your mortgage it is a requirement to have a Mortgage Protection Policy in place to cover the amount of your mortgage in the event of your death , or diagnosis of a specified serious illness, if illness cover is included under your policy. 

Benefits of buying from a Broker:

• Impartiality as work with various companies, banks are partial to only one company.
• Wider choice offered to meet your needs.
• Ability to win on price, can save up to 30% on premiums.
• Offer unique features and extra benefits.
• Brokers offer Dual Life Mortgage Protection. 
• Brokers can offer further discounts on premiums.
• Option to change mortgage provider and bring your protection policy with you. 
• ​Continuity in after sales service and claim process.
• Long term relationship.
• Supportive of local business.

Why do clients buy with the banks?
1. Because they are there.
2. 50% feel pressured into buying their policy with the bank.*
3. They think it is fast and easy.
4. 57% were never told they could shop around.* 
*Survey completed by low.ie in 2018.

If you would like to review your Mortgage Protection Policy do not not hesitate to contact us and avail of this service Free of charge.