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How Can I Get Mortgage Protection Quickly In Ireland?

In order to get a mortgage in Ireland, you need to have Mortgage Protection in place.

So what happens if you’re ready to close on your new house, but there’s an issue and your mortgage protection isn’t in place on time. This can be extremely stressful for all involved, so getting your mortgage protection in place on time is advisable even if this means paying an extra month’s premium.

How long does it normally take to get Mortgage Protection in place?

It is possible to get mortgage protection in place in a day

Here’s how you can do it

  • Get your quote on our website in just minutes

  • Complete your online application

  • Forms sent to you for digital signature

  • Policy submitted to insurance company

  • Policy accepted straight away provided there are no health issues.

If there are some health issues, your application will be reviewed by underwriters. This may slow things down a bit. If the health issues are more serious in nature, a report will be sent to the clients GP to be completed. This can take minimum a week to be returned, often longer if it’s a busy GP practice.

Where is the best place to get mortgage protection asap in Ireland?

Assuming you are in good health, you should be able to get your mortgage protection policy issued in one day which is great news for people who need their policy issued urgently due to a mortgage closing.

Here at Citywide Financial, we as a broker can advise which insurance company is best for your personal circumstances to try to minimise delays in the process.

What Can Delay Mortgage Protection?

The biggest factor in delaying mortgage protection is health issues. The GP will have to fill out a form for the insurer giving details. The insurer might request additional information from a consultant e.g. test results etc.

How can I avoid a delay with getting mortgage protection in place?

Don’t wait until the last minute to get your mortgage protection in place. It can take time especially if there are health issues

It may sound extreme but you could lose the house of your dreams due to a delay with mortgage protection.

Citywide Financial – May 2024

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