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What Security is needed?
We
will require a mortgage on the property offered as security.
We will also require a valuation of the security offered.
Valuation
You
will have to pay for a valuation report carried out by a valuer
appointed by . The valuer confirms whether the property
you want to buy is suitable as security for the loan. The
cost of the valuation for residential loans is calculated
at EUR 1.30 per EUR 1,000 of the purchase price. However,
there is a minimum fee of EUR 50 and a maximum fee of EUR
127. This cost excludes any travel expenses incurred by the
valuer. We will let you know the extra amount due (if any)
when you are requesting the valuation to be carried out.
Home and Contents Insurance
When
you take out a mortgage you are obliged to ensure your property
is protected. provides an insurance policy which covers
both your home and contents at very competitive premiums.
Learn more about Household Insurance
Life Cover / Mortgage Protection
Under
current legislation a lending institution must make sure that
you have life cover before they give you a loan for a private
family home. Philip O'Reilly & Co. Ltd provide options at
the keenest rates. Learn more about Mortgage
Protection
Loan Payment Protection
can also provide you with Loan Payment Protection to give
you additional peace of mind that your monthly repayment is
safe if you should be unable to work due to accident, illness
or redundancy. Learn more about Loan
Payment Protection.
Course of Construction Insurance
Course
of construction insurance is required while you are building
your own house. can provide you with free Course of Construction
insurance if you opt for an HouseHolder Policy.
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