Mortgage Protection is a simple low-cost life assurance protection plan that is required by all lenders before money for a house purchase is given by the lender. Similar to a Life Assurance policy, the amount of cover decreases in line with the balance of the mortgage and is designed to pay out the outstanding mortgage when and if the mortgage repayer dies.

In most cases, lenders have their own mortgage protection products. However they are many benefits of having your own independent policy and in a lot of cases, we can obtain a mortgage protection cheaper than the lenders rate through our agency appointments with leading Life Assurance companies.

Lenders will not allow a cheque be drawn down until your mortgage protection or life assurance policy is in place. Before you submit your mortgage application, check the marketplace and the lenders rate and do a comparison on price and features.

It’s your right as a consumer (and the law) to choose whatever mortgage protection cover you would like to cover your mortgage, however it’s best that you enquire as early as possible before you draw down your mortgage cheque.
For more information on our mortgage protection products contact:

Michael Brophy in Blanchardstown, Dublin on (01) 8213071

or

Richard Brophy in Portlaoise, Co Laois (057) 8682130