When you're buying a house, there's an awful lot of high-falutin bullshit to wade through.

Plenty of terms that the average Joe just don't know.

So to help you survive the onslaught, we've created a Mortgage Bullshit Buster, or MBB if you will.

Without further ado.

Have you had the talk?

No, not the one about the birds and the bees.

The talk....with yer man/wan from the bank.

The talk...where they corner you in a dimly lit room and put the squeeze on until you say no more and sign up for the policy they're hustling.

If you haven't had the talk yet, count yourself lucky you found this page.

If you have survived the talk without signing up, then you, my friend, are a legend. ?

But, don't worry if you did crumble - you have a cooling-off period of 30 days where you can cancel and get your money back. And even after the 30 days, you can cancel at any time and switch to a better policy.

Once upon a time, Ireland’s entire housing market descended into a massive ball of fire.

I’m sure you’re familiar with it.

One of the things that fell away, alongside property prices (now rising meteorically again) was the habit of switching mortgages.

But they're back, baby.

Need mortgage protection quickly?

You've come to the right place.

We discuss how quickly you can get mortgage protection and what will delay the process.

You should apply for mortgage protection as soon as you go sale agreed.

You should issue your mortgage protection policy before you sign binding contracts.

This is the only way to avoid the heartache of not being able to buy your home due to an unexpected health issue.

You finally did it - you bought life insurance.

You head out for lunch, feeling like an official grown up, having done the right thing and applied for life insurance online

And you did it on company time!

Double win.

You take your phone out of your pocket to call your partner with the good news (they've been at you for ages to get your  life insurance sorted)

No reply.

You look down at your phone to redial, stumble onto the road and...

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.

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!

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.