To Do: After the Wedding is Over
Many married couples do not realise how important and beneficial an annual review of their mortgage with a financial advisor can be. Horizon Financial, a financial advisory service which operates a nationwide service in Ireland, says mortgage protection is one of the main things newly married couples overlook when setting up home together.
“It is extremely important to ensure that both of you covered on the mortgage protection (life policy) policy. A lot of couples take out there mortgage initially in there own name and when they get married forget that there life policy only covers one of them if they died leaving the other to pay the mortgage in full,” explains Hughie Doyle of Horizon Financial.
“It is also important that couples check their mortgage interest rates and conditions. Bank rates go up and down and it is important to ensure that you have got the best rate available to you on the market. When a couple get married it is often easier for them as a couple to get better rates than they did get as a single applicant.”
If you are just starting out and thinking of buying a new home, a broker should be your first port of call, as they can show you a range of options available to you.
“Here in Horizon we deal with all the major lenders and we make it our priority to get our clients the best possible deal available. During our first meeting we show them clearly which bank offers the cheapest rate, advice on what their criteria and ensure that clients get the mortgage which is right for you but more importantly that we get you the best possible rate in the market.”
Hughie Doyle is a Financial Advisor specialising in the Mortgage and Life & Pensions fields. He can be contacted at firstname.lastname@example.org or by phone at 053 9484868.
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