Many first time property buyers often believe that they are under an obligation to take out a Mortgage Protection policy with their Mortgage Lender as a requirement or to help get the application sanctioned.

This is not correct.

By using a Financial Broker, who is independent, they will research the market to provide the most suitable product at the best price, quite often at substantial savings. This is why the services of a Financial Broker are important to avail of the better prices by having access to all of the product providers and not just one, which is generally the case for the Banks.

At present many providers are offering special discounted prices that will offer up to 10% reduction on current premium levels for the full term of the Mortgage.

The savings made over the term of a Mortgage can be quite dramatic – Savings which in my opinion are worth investigating