Mortgages

Meet to discuss your initial requirements and answer the following questions:

  • What does getting a mortgage entail?
  • Can you afford it?
  • How much can you borrow?
  • What will your approx costs be?

Tailor the mortgage just for you:

  • Get you mortgage approval
  • Find out what are the best rates out there, from the companies that we hold agencies with?
  • Find out who will offer the best terms to suit you, from the companies that we hold agencies with?
  • What are your options down the road?

Protection:

  • Get you the most competitive and suitable Life & Serious Illness cover available on the market
  • Advise on income protection, house insurance etc

Liaise:

  • With your Solicitor, Valuer & Architect/Engineer if you are building or renovating.

As your Financial Advisors, we will be with you every step of the way now and in the future

From Our Blog

Mortgage Protection

Life insurance and your Mortgage

Most home loans require mandatory life cover. This means if you die during the term of the mortgage, an insurance policy, is payable and repays your mortgage, ensuring you need not worry about the repayments.

 

Premiums depend on age, health status, occupation, smoking habits and can vary from one insurance company to another. Phoenix Financial Services will provide you with the cheapest Mortgage protection quotes. The minimum legal requirement (for somebody under 50 years old) is a mortgage protection policy but additional cover is available.

 

We will present you with a range of options and will advise you in choosing a policy appropriate to your unique circumstances.

1. Mortgage Protection: Life cover reduces in line with your mortgage and ceases when you mortgage does. This is the cheapest of the types of life cover available.

2. Term insurance: this means whatever the original sum borrowed is covered for the entire term irrespective of what the balance is when the life assured dies. A conversion option can also be provided. This means you can continue the cover on maturity without any medical evidence.

3 Serious illness cover: covers the assured against most of the serious illnesses for the specified period. Illnesses include heart attack, stroke, cancer and a specified list of others. Separate and stand alone cover can be obtained.

5. Income protection:  if you are unable to work due to accident or illness, this cover will pay up to 75% of your income until either you can resume employment or you retire and your pension kicks in. This is expensive, but again reassuring.

6. Redundancy and sickness protection: this covers your repayments for up to one year in the event of accident, illness or redundancy.

Our Mortgage Advisors

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PRINCIPAL

PAUL MURPHY

Mortgage Payment Protection

For most people, a mortgage is the biggest and most important outgoing they have every month. Despite this, relatively few make provision in case they are unable to meet their repayments.

Mortgage payment protection insurance (MPPI) is a valuable safety net. But for it to be effective, it must be appropriate for the customer’s needs and sold in an informed and responsible manner. Phoenix Financial Services can offer payment protection insurance for mortgage or income protection.

We will ensure the product meets the following 4 requirements.

  • The product will be tailored, so you can be confident the cover is right for your needs.
  • It offers variety and choice and can be revised as appropriate to your changing circumstances.
  • It is not linked to a specific lender’s mortgage, meaning cover can be transferred as necessary.
  • You will only pay for the cover you need – and can claim on.

There are 3 three main options

  • Mortgage Payment Protection Only
  • Mortgage Payment Protection and Income Protection
  • Income Protection Only
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SENIOR SALES CONSULTANT

ALFIE BYRNE

Remember. A rainy day is not so bad when you have planned for it.

Contact Phoenix Financial Services today for a quote or to book your free financial review:

1.Call 0402-33335 to book an appointment.

2.E-mail Us Today

3.Complete your details on our Financial Review page and one of our financial advisers will contact you to discuss your financial needs and/or book an appointment at a time and place that suits you.


Warning: If you do not keep up your repayments you may lose your home


Warning: You may have to pay charges if you pay off a fixed-rate loan early


Warning: The payment rates on this housing loan may be adjusted by the lender from time to time.


Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.