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Have you ever considered what problems you would encounter if you were out of work for a few months, due to illness or compulsory redundancy?
What effect do you think this would have on you and your family?
I am sure you would agree that the prospect is worrying.
We would like to offer you Mortgage Repayment Protector. MRP is specifically designed to make your monthly mortgage repayments or part thereof, should you find yourself out of work due to accident, illness or compulsory redundancy.
The monthly benefit will continue to be paid until you return to work or a maximum of 12 months in any one claim, whichever happens first.
You can cover the monthly mortgage repayment and any other mortgage related costs, e.g. insurance etc, which should not exceed €2,000 in total. Customers may cover up to 120% of their chosen monthly benefit.
MRP costs €5.65 a month per €100 covered for new borrowers and €6.60 a month per €100 covered for existing borrowers
To find out more please contact a Moneycare Advisor today.
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