Mortgage protection- monthly premium

  • Thread starter Wouldbeguru
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Wouldbeguru

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I am getting a 200,000 euro mortgage. Can anyone advise re mortgage protection protection? Mortgage is over 30 years and i obviously hope to repay well in advance of this.

My broker has quoted 30 euro per month for basic mortgage protection. I see on 123.ie and Tesco.ie that i can get same for 20 euro. What is the difference??? Any advice would be appreciated- would the 20 euro product be inferior?

Thanks
 
Have you read this thread for some background info?

Wouldbeguru said:
My broker has quoted 30 euro per month for basic mortgage protection. I see on 123.ie and Tesco.ie that i can get same for 20 euro. What is the difference???
Click to expand...
Only a read and comparison of the detailed terms and conditions of the policy documents in each case would answer that.
Any advice would be appreciated- would the 20 euro product be inferior?
Click to expand...
Probably not. Does your broker deal with all mortgage protection life assurance providers or only a subset? Have you asked him/her why they can't match the cheapest premium that you have found independently? Have they given their own reason why you should pay €30 rather than €20?
 
Try labrokers.ie.
They beat any quote I searched for and gave you a 50% reduction in the first year. Good service too.
My mortgage protection for the year is €129 for mortgage of 211K repayable over 39 years.
 
yeah, i second the labrokers recommendation.. my policy is 100 euro per year for a 120,000 mortgage over 30 years - and they give me 50 euro back in the first year
 
Quick question, all the quotes I have received give a monthly premium. Can the premium be paid yearly, up front?
 
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