Thursday 2 June 2022
Do you remember when you were buying your home but were told by your mortgage lender that the funds wouldn’t be released until you had a mortgage protection policy in place!
If you were like many Irish people, to speed the process up, you simply agreed to take out a mortgage protection plan with your lender – without questioning whether it was the best (and most competitive) plan for you. But don’t worry. With great terms available through Engineers Ireland in conjunction with Hello.ie and Zurich Life, you can now review your mortgage protection plan to make sure it’s the right plan for you.
Who is Hello.ie?
We are an impartial broker and have been in business for over 10 years. We are regulated by the Central bank. We specialise in protection, pensions, savings and investments and we have agencies with all the main life companies.
We need some basic information from you to provide you with a quote. We will find you a suitable mortgage protection and we will provide you with discounts of 15%.
Remind me – what is mortgage protection?
The purpose of your mortgage protection policy is to pay off your mortgage should you die or suffer a serious illness within the repayment term of your mortgage. You are free to shop around for the best rates available and are not compelled to take out a policy with the mortgage lender.
This is good news for you - Zurich offer the best mortgage protection policy in Ireland and with great terms available through Engineers Ireland, their monthly premiums are pretty good too!
Rising household costs – you can review your existing policy
Like many people, you’ve probably seen a significant rise in the cost of living – everything from petrol and diesel, food, digital subscription and all else seems to be on the rise. More and more people are now reviewing their monthly spending and deciding what’s important.
One thing that you must do is to keep your mortgage protection plan in place – this is secured against your mortgage and your lender will no doubt have mandated that you need to keep it in place. So, whatever you do – don’t cancel it!
However, that doesn’t mean you can’t review it from a cost perspective. Mortgage protection costs and premiums have been very competitive over the last 10 years, and you may find that you can get cover cheaper.
Also, were you previously a smoker and have now quit? Smoker rates are generally significantly higher (50%) than those for non-smokers but once you stop smoking for more than a year you can qualify for the cheaper rates. So provided you and your health has remained in good shape, then you may be able to enjoy some cost savings.
Get in touch
If you’d like to learn more, why not get in touch with the team from Hello.ie on 01 254 3620 or request a callback by clicking here or at: https://hello.ie/cgi-bin/land.cgi?id=122
