Mortgage Protection

Ensuring you keep your home

Mortgage Protection Ireland

Essential Life Cover for Homeowners

If you have a mortgage or are applying for a mortgage, a protection policy known as Mortgage protection, is typically required to cover any outstanding loan amount if you die during the term of the mortgage. This pays off the balance, so ownership of the property will stay with your family.

While most banks will offer this product on their block policy, choosing your own policy is a much better option due to the benefits and cheaper rates. You are not obliged to use your banks cover.

Choose Your Own Mortgage Protection Policy

Experience the benefits of working with a Personal Financial Advisor

Competitive Rates

Our advisors will find the best policy for you with the lowest premiums

Portability

Your policy can move with you if you switch mortgage lenders, avoiding the need for a new medical questionnaire, unlike bank-provided policies, which end when you switch providers

Choice of Provider

We deal with all the main providers in the Irish market and so you can select whichever provider you wish or whichever one has the most suitable product for you.

Protecting your home ensures peace of mind, knowing your mortgage will be paid off in the event of serious illness or death.

How Can We Help?

Service-Focused Financial Advisors

New Alliance offers expert insurance and protection services.
Our team helps you choose the right policy to protect your mortgage in the event you die during the term of the mortgage.

Get all your Mortgage Protection queries answered by our experts

Have questions? 
We have answers

Want to know more? You can email us anytime at info@newalliance.ie

What is Mortgage Protection?

Mortgage protection is a life insurance policy designed to pay off your mortgage if you die during its term. When taking out a mortgage in Ireland, it’s typically a requirement to ensure the outstanding debt is covered.

Do I Have to Get Mortgage Protection Through My Lender?

No, you are not obligated to take out mortgage protection with your lender. You can shop around all the different providers and take out your own policy, which often provides better rates and benefits.

What's the Difference Between Dual and Joint-Life Mortgage Protection?

Joint-life mortgage protection pays out on the first death only and then ends; while dual-life cover pays out on the first death, continues to cover the second person, and pays out again if they die. This provides additional financial security for your family.

Can I Increase My Mortgage Protection Coverage?

Yes, many policies offer a “guaranteed insurability” option, allowing you to increase your coverage without a new medical assessment if certain life events occur, such as taking out a new mortgage.

What Happens If I Switch Mortgage Providers?

If you have an independent mortgage protection policy, it can move with you if you switch lenders. This avoids the need for a new medical questionnaire and ensures continuous coverage, which is beneficial if your health situation has changed since the original policy was taken out. If you took out a policy with your lender through their block policy, it will be cancelled and a new policy will be required.

Mortgage Protection Consultations

Get Started Now

Book A Consultation

Whether you are a first-time buyer or looking to review your current cover, you can speak with our qualified advisors to know more details

Plan With Us

Call us, email or complete our online enquiry form to receive a callback.

Talk To Our Experts

We assist you in every step from assessment, to choosing the right plans and putting your cover in place.

Don’t Just Take Our Word for It

I came across this company on Instagram while reviewing my pension options and contacted them for advice. I initially dealt with Aidan who gave me great advice and insight. As I engaged further with him, I felt very comfortable and reassured in my dealings. He called to the house with his colleague Geoff and discussed all my pension options in detail, in plain English. I never felt pressured into doing anything and they were very patient with me as I had lots of questions. I decided to move my pension plan to their company and I haven’t regretted my decision. Highly recommend Aidan and Geoff.

Professional and friendly service Many thanks to Aidan at New Alliance for his help and guidance when I recently needed support in relation to a pension. Aidan kept me updated at every stage with emails and phone calls so I felt involved every step of the way.... delighted with the professional friendly prompt service.

I contacted New Alliance about my old workplace pension that I wanted a cash settlement applied for as I tried myself and was offered pitence for. I cannot rate New Alliance and Aidan Whelan high enough he was just brilliant ! And my experience dealing with Aidan Whelan from start to finish was top draw so professional and always updating me how my case was progressing. He realised a excellent settlement amout that I am still amazed at several weeks later! I would highly recommend New Alliance and Aidan Whelan to family and friends I so delighted with my outcome.

We have Recently had the pleasure of Dealing with Aidan Whelan from New Alliance wealth planning. I found Aidan to be very knowledgable, prompt and professional while always having our best interests at heart. He is definitely someone I can recommend and would have no hesitation in saying that we were 100% happy with the service we have received. Thanks for your help Aidan it has been very much appreciated. Regards Phil

Aidan was recommended to me by a colleague who spoke very highly of their experience in dealing with Aidan. Having discussed my business with Aidan he took control of my affairs as regards a previous pension I had and also some mortgage interests I had. He dealt with all these affairs for me in an extremely professional and detailed manner. I can’t recommend Aidan and the company highly enough and look forward to doing further business in the future. Mick Territt

I got in touch with Aidan in October last year to try and find a pension I had contributed to, Aidan checked everything out for me and talked me through the paperwork, he made it seem so easy. I am very happy with the help and guidance provided by Aidan and I have told friends about Alliance Wealth planning Ltd. I had no worries once I got talking to Aidan. He is friendly, very professional and helpful Bridget in Co Clare

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