Mortgage Protection For Investment Properties
Mortgage protection / Life Insurance for investment properties.
Our life insurance consultants will provide you with the cheapest quotes available from Ireland's leading life companies.
During the property boom many people bought investment properties. Many of these properties are only now coming out of negative equity and in most cases there are no mortgage protection policies in place to cover the mortgage. If you are keeping your investment property and do not have related mortgage protection insurance, we strongly recommend that you put a policy in place.
Unlike home loans and in accordance with current legislation, lenders did not insist that investors take out mortgage protection as security for these investment property loans.
In the unfortunate event of an untimely death, lenders will look to the estate to cover any shortfall. This could cause hardship for those who remain and may involve a requirement to sell other estate assets.
Taking out a life insurance or mortgage protection policy now will deal with this issue and will take some of the stress out of an already difficult situation.
To check the cost of such policies whether to cover the whole mortgage balance or the shortfall, please call us on 01 8327250 or click above to get a low cost quote..