Mortgage Protection

When you get a mortgage from a bank or building society, and you are under 50 years of age there is a legal requirement that you take out a mortgage protection policy to ensure that the mortgage is fully repaid in the event of your death.

This is simply a special type of life assurance taken out for the term of the mortgage and designed to pay off your mortgage in the event of your death. It is very important to review your mortgage protection policy on a five-year basis and ensure that additional cover is taken out, if necessary, to cover extensions of the term of the mortgage, penalties incurred, etc. Premiums must be kept up to date - if you go into arrears, the policy may lapse. Mortgage protection should be payable on a joint life, first death basis. This means that the mortgage will be repaid on the death of the first partner (if a couple is involved).

You do not have to take out this insurance if you are over 50 or if your mortgage is on an investment property, however, some lenders may insist on it as a condition of getting the mortgage.

For extra payment, you can take an additional Life Insurance policy in particular if you have dependents. It is important to get good advice on mortgage protection before you act.

So call our team on 1890 30 26 26 or 01 4003422 we are waiting for your call

• Single, Joint Life Cover
• Guaranteed premium for term of policy
• Mortgage Protection & Life Term Cover
• Fast, Friendly & Efficient Service