I've just taken out a mortgage on a property in Ireland, and I'm in the process of arranging mortgage protection and term life assurance.
My question is this; Will my mortgage protection still apply if I am no longer resident in Ireland?
If, for example, I continue to live in the UK for a number of years, say 5, and I die while living here, what is the risk of mortgage protection not being paid out?
And before people start asking how I could take out a mortgage without protection, I had to take out an investment mortgage because of my circumstance (my income is from the uk, therefore I couldn't really get a mortgage on a family home)
My question is this; Will my mortgage protection still apply if I am no longer resident in Ireland?
If, for example, I continue to live in the UK for a number of years, say 5, and I die while living here, what is the risk of mortgage protection not being paid out?
And before people start asking how I could take out a mortgage without protection, I had to take out an investment mortgage because of my circumstance (my income is from the uk, therefore I couldn't really get a mortgage on a family home)