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In this blog our resident mortgage expert Robert O’Neill QFA answers 10 questions we regularly get asked about buying an Investment property .

Tinnitus is the medical name for a hissing, whistling or ringing sound sensation in one or both ears or in the centre of the head.

The majority of medical professionals agree that once a person attains a BMI
( Body Mass Index) score of 25 to 30, they are considered to be overweight.

Mortgage Protection Insurance is a policy that pays off your existing mortgage if you or another policy holder dies during the term of the mortgage.

How do banks calculate mortgage affordability?

When determining a mortgage, lenders use different criteria to decide on the amount of money they are willing to lend. All lenders are compelled to follow specific Central Bank rules when doing this.

What is a mortgage?

A mortgage is a loan taken out to buy a house, property or land.

Cerebral Palsy (CP) is a condition marked by impaired muscle coordination typically caused by damage to the brain before birth.

The Defence Forces are the armed forces of Ireland comprising of the Army, Air Corps, Naval Service and Reserve Defence Forces.

Why Do I need Income Protection Insurance?

Everyone has heard of Income Protection but is it something we should all have or is it a luxury if you have spare cash? The thoughts of being ill or injured at some point in the future and being unable to work is quite daunting.

How will my existing mortgage approval be affected by Covid-19?

Your existing mortgage approval (or approval in principle) is not affected by Covid-19. However the next step on the road to getting your mortgage may be impacted by it.

Kidney stones are hard deposits made of minerals and salts that form inside the kidneys.

Bipolar Disorder is a mental health condition characterised by periods of manic and depressive episodes that can cause extreme shifts in moods, energy and activity levels making day to day living difficult.

Should I Put My Savings On Deposit In The Bank?

Following on from our last update the mortgage market has seen a continued improvement with a big increase in demand for mortgages and also a corresponding increase in approvals.

Coeliac Disease is a common digestive disorder in which the intestine has an abnormal immune reaction to gluten intake.

Self-employed and mortgage application.

Fibromyalgia is a chronic painful rheumatoid condition that causes pain at specific tender points all over the body.

In making an application for life insurance with Fibromyalgia, some of the information facts that underwriters will need to know are as follows...

The Help to Buy scheme which came into effect in Jan 2017, was previously a tax rebate for first-time buyers worth €20,000, but the recent stimulus package has raised this to €30,000.

Citywide Financial Solutions are independent mortgage and insurance brokers totally committed to protecting our clients with the very best advice and guidance.

Rob O’Neill and his team always welcome the opportunity to speak with you whether you have a general life insurance query or need assistance in finding the most appropriate policies for you.

We outline here some frequently asked questions on life insurance and related topics...

Since our last update a few months ago the mortgage market has thankfully seen an improvement with banks and brokers seeing an increase in demand for mortgages and in turn an increase in approvals from lenders.

A transient ischaemic attack ( mini-stroke) occurs when the blood supply to part of your brain is blocked or reduced thereby depriving brain tissue of vital oxygen and nutrients.

Gout is a complex form of inflammatory arthritis characterised by a build-up of uric acid in the bloodstream that causes pain and swelling in your joints. 

Having gout is not a life-threatening condition and you can be accepted for most types of life insurance policies.

Multiple Sclerosis (MS) is a life-long condition that affects the brain and spinal cord causing a wide range of potential symptoms including problems with vision, balance, muscle control and other basic body functions.

Usually you should be able to acquire life insurance at standard rates if you have an involvement in motor sports.

High blood pressure is a common condition in which the long - term force of the blood against the artery walls is high enough so that it may be the cause of health difficulties such as heart disease.

Anorexia Nervosa is a serious eating disorder characterised by an abnormally low body weight, intense fear of gaining weight, food restriction and a strong desire to be thin.

Epilepsy is one of a range of nervous systems disorders that is usually defined by the recurrence of different levels of seizures.

Rheumatoid Arthritis is a long-term medical condition that results in pain, swelling and stiffness in the joints.

Experiencing a heart attack is a life threatening and frightening situation that no one can fully appreciate unless it happens to them.

Before an insurer offers you a quote for single or joint life cover, they will want to know more about who they are protecting.

Here at Citywide Financial we often get asked to explain the different types of Life Assurance (Insurance) available on the Irish market. In our blog below Brian Courtney QFA gives a brief summary of each.

With rents continuing to soar in Ireland and in particular in certain parts of Dublin the dream of owning a home remains as strong for most people as it has ever been.

Most people buy insurance policies such as Serious Illness Cover, Life Insurance & Income Protection to give them peace of mind in times of uncertainty. It’s difficult to think of any time more unprecedented and uncertain than 2020.

Planning on starting a family in the not too distant future or maybe you already have that due date marked into the calendar? If so, time to start thinking about how this little bundle will affect your life financially.

With rents continuing to soar in Ireland and in particular in certain parts of Dublin the dream of owning a home remains as strong for most people as it has ever been.

Can I get Life Insurance if my job is risky?

The answer is yes. You can get life Insurance, however you may face an increase in premiums compared to someone who is working in a desk job.

Trying to kick your smoking habit for 2020? Did you know that smokers can pay twice as much for life insurance as their non-smoking counterparts?

Your health is one of many things taken into consideration when you look to get life Insurance. It can significantly affect the premium you pay, however a pre-existing condition is unlikely to rule you out of getting a policy.

Citywide Financial Solutions team of insurance brokers can assist individuals suffering from Crohn’s disease to get the right life insurance cover for their unique requirements.

Mortgage Protection

Mortgage protection is a policy which pays the bank upon your death to clear your mortgage loan, hence the reason why the banks insist on you taking it out!

The short answer is yes, it is possible to get life Insurance however it is definitely harder to get it with a pre-existing condition.

Did you know that less than a third of Irish professionals currently have a pension plan? There’s always the state pension though, right? From March 2019, the State Pension in Ireland is €248.30 per week. For many this is a sharp decrease in what they have been used to earning in full time employment, hence the need to supplement the gap with a private pension.

Everyone has heard of Income Protection but is it something we should all have or is it a luxury if you have spare cash? The thoughts of being ill or injured at some point in the future and being unable to work is quite daunting. Life unfortunately can be quite unpredictable, so our advice would be to be prepared.

Inflammatory Bowel Disease

Citywide Financial Solutions assists individuals with IBD receive life insurance cover and other insurance protection packages.

Diabetes

Can I get life Insurance with Type 2 Diabetes

To simplify enormously, yes you can get life insurance even if you have been diagnosed with type 2 diabetes.

However, due to the nature of the condition, individuals with type 2 diabetes need to meet certain criteria to successfully qualify for life insurance.

Naturally enough, a major factor taken into account is the overall health of the applicant.

Patients with type 2 diabetes are expected to be properly monitoring the condition and eating a sensible diet. Most insurance companies will also expect an applicant’s HbA1c reading to be less than 9.

Mental Health Protection

Citywide Financial Solutions works alongside some of Ireland’s longest established financial institutions, and as such can find the right life insurance package for individuals with mental health conditions.

The flexibility of our brokers can help clients get the type of insurance cover that's appropriate for their specific requirements.

Clients can have our expert brokers get the right life insurance packages for your unique requirements. Call our offices today to schedule an appointment. 086 229 3032