Mortgage Protection Quote

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Google Reviews

Dealt with Conor and he was great walking me through the stepsMade the process super easy and informative
David H.
David H.
1712928535
Excellent service, I dealt with Richard Westman and from the very beginning he took care of me and answered all my questions and was very patient with me while he took to time to explain everything to me . Highly recommended 👌
Jordan L.
Jordan L.
1712853419
Dylan has been incredibly helpful and friendly throughout the whole process of obtaining life assurance. He has been able to guide me and given great advice in an area I know nothing about, and has been brilliant in helping with any questions I have had since. Couldn't recommend more highly
Ashlinn C.
Ashlinn C.
1712666010
I got both IP and SIC from Niall. I'm extremely satisfied the result I have now. He answered all my questions without judgement for me to choose the right option. I can't recommend him enough. Thanks Niall.
Minjeong K.
Minjeong K.
1712662101
Excellent service, Richard was very helpful in helping us set up our life insurance
thomas C.
thomas C.
1712589860
Colin is informative and very helpfulNo hesitation recommending Colin and Low Quotes.ie
Karen O.
Karen O.
1712580582
Richard couldn’t have done anymore for me if he tried . Extremely helpful and tried his best to stick to my budget and give me the best deal in the meantime. It took a few days but he was persistent and got me sorted. Super understanding and helpful. Thanks Richard .
Jamie M.
Jamie M.
1712565275
After speaking to Seamus me and my partner were reassured about what our options were together, he answered all our questions and he was an absolute pleasure to deal with. Would highly recommend getting in touch over the phone for your plan.
Darragh O B.
Darragh O B.
1712335326
Fantastic service from our broker Bernadine. She made the process of getting a mortgage easy and stress free. We would have struggled by ourselves as our house was not a straight forward buy. Highly recommend
Richard B.
Richard B.
1712245739
We applied for our life insurance through them. Richie is an amazing advisor. He explained the quotes and policy documents in great details. He was also good in advising on various products that would cater our precise requirements. We spoke couple of times, each time he explained the policy in great detail. I would highly recommend LowQuotes and thanks to Richie for helping us set up our policy.
Aamir B.
Aamir B.
1712236678
Great company!Had an outstanding support and experience working with Niall.One of best customer experience you can get out there!
Ramy M.
Ramy M.
1712225651
We used Low Quotes to get life insurance and I'm really happy with the service. We spoke with Colin who was really great and super helpful and explained everything fully to us in detail and answered all our questions. I'd definitely recommend anyone to use them.
Holly C.
Holly C.
1712160368
Excellent service
Alan M.
Alan M.
1712143056
Helpfull and a great expirience
George H.
George H.
1711882871
Look no further than lowquotes.ie. I can’t recommend Richie Westman enough. He was incredible while working with us. Even though there was a lot of delay and back and forth from our end, he was extremely patient and accommodating. He made sure we had all the information we needed even if it meant repeating things to us a multiple times.If you’re starting your first time mortgage journey, Richie is the the guy you’d want to talk with. Well done Richie and thanks a ton!
C M
C M
1711669230
Had an amazing experience with Richie Westman. He was patient, super accommodating, and very clear on his explanation when I had questions. I really appreciate his time and expertise, his help will certainly alleviate the some of the stress involved in securing a mortgage.
Alexandra M.
Alexandra M.
1711535164
Had an outstanding experience with Low Quotes, especially with Alan, while arranging mortgage protection. Alan's professionalism and assistance made the process incredibly smooth. His proactive approach alleviated our stress, as he went the extra mile to stay in touch and ensure we had all necessary documentation to finalize our mortgage. Highly recommend Low Quotes without hesitation.
Jennifer M.
Jennifer M.
1711193984
I would rather not think of any other company to deal with Life insurance and Mortgage protection. I dealt with Seamus who really helped me understand the process as I was a newbie, by providing an exceptional service and information. 100% friendly experience and a very smooth process.
guddu S.
guddu S.
1710944439
I cannot speak highly enough of Bernadine Day. Our mortgage journey was not a straightforward one and I can honestly say we wouldn't have gotten through it without Bernadine's help. She pointed us in the direction of the right lender for us and guided us through the process with professionalism and empathy. Her knowledge, expertise and kindness are unparalleled. She was always available by message or by phone to answer any questions we had or to assuage any anxieties we had. She dealt with our lender on our behalf and was always prompt in relaying messages from them and in passing on any requests they had for documentation. Bernadine was so helpful too in explaining the different jargon and terminology we weren't used to. She will always have our gratitude for guiding us through the journey and into our dream home.
Louise K.
Louise K.
1710936981
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Unsure about any options on the form? Don’t know how much cover you need? Don’t know which Mortgage Protection Insurance is suitable for you? Call our expert advisors for your free no obligation advice & quote.

Benefits of LowQuotes
Mortgage Protection Cover

  • €50 Cash back on policies over €30p/m*

  • Free 'Will Kit' worth €120*

  • Compare every provider in 30 seconds

  • Up to 30% discount online

  • We beat any competitors quote

  • Quote, Apply, Sign, Online

  • Cover available in 10 minutes

  • Guaranteed lump sum payment in the event of death to pay off your Mortgage

  • Your premium is fixed for the full term of the policy

  • Serious Illness Option available that pays out on diagnosis

  • Dual cover available at no extra cost compared to Joint cover

  • Cover available from €2.30 per week

  • Covered up to the age of 91

Our Business Partners

Related Products

Life Insurance

Tax free payout to your family if you pass away.

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Serious Illness Protection

Tax free payout on diagnosis of up to 40 critical illnesses.

Get your quote

Income Protection

Pays you a replacement income if you are unable to work due to illness or injury.

Get your quote

Mortgage Protection Information

Mortgage Protection is a cheaper, decreasing form of Life Insurance, tailored to pay off the outstanding balance of your mortgage in the event of your death during the term of your mortgage. Mortgage Protection runs for the same length as your Mortgage.

Placing the right cover to protect your home is essential, and it is a requirement by your Mortgage lender to have protection in place for your home.

Your premiums will be fixed and frozen for the full term of the policy.

  • Single Cover

    Only one person is covered under the policy. If this person dies within the term of the policy – The cover amount will be paid to the policy holders estate or lender (Whichever chosen)

     

    Dual Cover

    Both people are covered under this policy and is a popular choice as it comes at no extra cost compared to Joint Life Cover. It pays out on the first death and second death.

     

    Joint Cover

    Two people are covered under the one policy. But only pays out on one death. For example “Joint Life, First death” will pay out when the first person dies, and nothing when the second person dies.

  • Absolutely not. In fact, We recommend you do not take out Mortgage Protection from your lender, as their premium will be much higher, mainly because they usually only quote from one provider. We will find you the cheapest quote available to you by comparing every provdier in Ireland. 
It won’t take long at all with Lowquotes.ie, as you can digitally sign your documents online (With optional guidance over the phone). Meaning once you’ve signed.. We submit your documents with urgency to your chosen Insurance provider and it’ll be through in no time, so you can then provide proof to your lender.
We can have you on cover within 10 minutes.

Mortgage Protection in essence is Life Insurance, The only differences are

  1. It’s assigned to your Mortgage lender
  2. Cover amount decreases

The cover amount decreases in-line with the amount owed on the Mortgage loan, until it reaches 0. It would always be our advice to take out a “Term Life Insurance” policy instead, as when the Mortgage Loan is paid off.. The life cover remains and pays out to your family in the event of your death.

Term Life Insurance can be assigned to your lender, just like Mortgage Protection, but you’re left with Life cover when your Mortgage is paid off.

Another benefit of Life Insurance is that if a claim was made half way through your Mortgage, your remaining Mortgage loan would be paid off and the remainder of the cover amount is paid out to your family. If you want to know more have a look at our article explaining the many differences between Mortgage Protection and Life Insurance.

Serious Illness Protection can be accelerated to your Mortgage Protection, that in the event of a specified serious illness some or all of the outstanding amount of your mortgage (whichever amount is chosen) can be paid off to release the burden of mortgage repayments while you are recovering.

Call us if you wish to have Serious Illness Cover added to your Mortgage Protection.

It is important to note that mortgage protection does not cover your actual mortgage repayments if you cannot work due to sickness or redundancy. In this instance, you would need ‘mortgage repayment benefit’ available from your lender which can be built into your mortgage repayments.

As with Term Life Assurance, the cost is on an individual basis and is based on the following:

  • Amount of cover taken out (normally the mortgage sum affected).
  • Term (fixed for same term as the mortgage).
  • Age.
  • Gender.
  • Smoker / Non-Smoker.
  • General state of health.
Extra Optional Benefits will also add to the cost:
  • If Serious Illness Protection is chosen
  • Rider Benefits in the form of Hospital Cash benefit, Accident Cash benefit, Surgical Cash benefit

If you want to know more have a look at our article comparing the cost of Mortgage Protection & Life insurance

Royal London’s Helping Hand gives you one-to-one Personal Support from Royal London.

This free extra includes:

  • Providing bereavement counsellors, speech therapists, face-to-face medical opinions, therapies, massages, physiotherapy for serious health issues
  • Cardiac rehabilitation support
  • Support for coping with cancer
  • Family support for the loss of a loved one

Aviva Best Doctors is a second medical opinion is also available from Aviva for your Income Protection. This free extra includes:

  • A comprehensive professional review of your diagnosis/injury/treatment without you having to leave home.
  • Access to information from highly qualified specialists.
  • A personal Best Doctors Nurse care manager – Who will collate information about your condition to specialists, and inform you of any updates.

This is a mortgage where the amount of loan decreases over the term of the policy through the payments of capital and interest on the mortgage loan.

Mortgage Protection is a low cost life cover benefit which decreases each year in line with the decreasing value of your mortgage, with the premiums remaining the same throughout the term of the policy. It is suited to those whose principal concern is to ensure the mortgage is paid off in the event of their death.

Although, Mortgage Protection is cheaper than Level Term Life Cover, individuals with other commitments, and those with a family normally opt for a more substantial form of life cover, where affordability allows it, to cover the financial needs of their family.

This is a mortgage where the amount of loan decreases over the term of the policy through the payments of capital and interest on the mortgage loan.

Mortgage Protection is a low cost life cover benefit which decreases each year in line with the decreasing value of your mortgage, with the premiums remaining the same throughout the term of the policy. It is suited to those whose principal concern is to ensure the mortgage is paid off in the event of their death.

Although, Mortgage Protection is cheaper than Level Term Life Cover, individuals with other commitments, and those with a family normally opt for a more substantial form of life cover, where affordability allows it, to cover the financial needs of their family.

To ensure continued financial security in the event you consolidate your loan through a mortgage top up or indeed extend your mortgage term for financial affordability, you will be required to restructure your mortgage protection policy. Your new premium is likely to be higher as you extend your cover over a longer term and because you may be older than when you took out your original cover, all of these factors need to be protected.

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.