A few schemes are supposed to help first-time buyers take that precarious first step onto the property ladder, such as the Help to Buy Scheme and the Local Authority Homeloan Scheme.

But what’s this?

Instead of building more actual houses, our esteemed leaders have dreamed up a shiny new scheme to help you own your own home!

Introducing the First Home Scheme

Everything you need to know about Mortgage Protection Insurance (MPI) for the Local Authority Home Loan Scheme is right here in this article.

And if you have been refused by New Ireland / Cornmarket, we can help you!

On June 7th, 2023, Insurance Ireland announced the complete details of their new Code of Practice for Underwriting Mortgage Insurance for Cancer Survivors.

Under this Code, insurance companies will not consider a cancer diagnosis if the person is in complete remission and active treatment ended more than 7 years before the application (or more than 5 years if the individual was under 18 at the time of diagnosis)

Cancer survivors can get mortgage protection (reducing life insurance) of up to €500,000 for a mortgage on their primary residence.

Mortgage Protection Insurance clears your debt to the bank if you die.

So, if you (or your partner) meet an early, very sad end, your home becomes theirs, debt-free.

If you didn’t have Mortgage Protection, the debt would keep on keepin’ on and there’d only be one of you to pay it off – which, again, given the apocalyptic state of the housing market, would be really, really rough.

Anyway, the lender won’t actually give you a mortgage without Mortgage Protection, so you’re gonna have to cough up for it, whether you want to or not.

Buying mortgage protection insurance should be quite straightforward.

But after taking advice from the bank, your friends, your family, your colleagues and some random you met down the vegetable aisle, your head is melted.

Don't worry, I'm here to set you straight.

Here's what you need to know before you sign on the dotted line for mortgage protection insurance:

You're looking for mortgage protection.

You're a first time buyer.

You've come to the right place

For decades, HIV was a ruthless killer, savaging entire communities.

Thankfully, we’ve come a long way since, both in terms of treatment and response.

According to Sexualwellbeing, 6,000 people live with HIV in Ireland and are getting on with their lives as normal. You may be one of them – and if you are, you may be considering buying a house or getting life insurance because you’re at that time in your life.

Today, I will look at that very topic in this article.

Thankfully, we’ve come a long way since, both in terms of treatment and response.

Buying a house, as we all know, is a pain in the hole as it involves any number of the following:

Keeping a paper trail.
Dealing with estate agents.
Living at home in the box room with yer ma and da for a year to save a deposit. 
Paperwork. 
Dealing with estate agents.
More paperwork. 
Budgeting for stamp duty and a solicitor.

It’s no wonder you might be tempted just to say ‘feck it’ and go with your bank when they offer you a Mortgage Protection policy. But don't!

Welcome to THE most comprehensive guide to mortgage protection on t'internet.

Learn:

where to buy the best mortgage life insurance policy
why you should never add serious illness cover to your policy?
how to avoid 33% tax if you're not married

And much more more

Getting a mortgage was a cinch in olden times (the noughties).

Deposit? Pah - 100% mortgages were the norm.

3.5 times income? Pfff -  Borrowing 8 times income was a breeze

You could even self-certify your earnings!

Yeah, I know, it didn't end well, and this laxer lending made the Central Bank more cautious when laying down Ireland's current mortgage lending rules.

But are things changing?