Rebuilding Ireland Mortgage

Ryan

Registered User
Messages
216
Have been looking into this and apart from it being compulsory to go with their Mortgage Protection Insurance I am struggling to find a catch.
According to their calculator I would qualify for €50,000 more than what my bank would give me which opens up lots of options for me.

am I missing something here? It seems like there’s no decision to make
 
I bought a house last year through the scheme. The MPI is higher than you'd ever pay otherwise but outside of that it's a good deal. I was able to get a house I otherwise wouldn't have been able to afford. You need to show 12months statements etc where it's normally 6 months for Bank mortgage.
 
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