I was recently made redundant and am looking to reduce my outgoings. I have a pension worth about €60K and a morgtage of €120K. I was wondering was it possible to use the pension as collateral against my morgtage in the event of death and reduce the life assurance premium by half or will banks accept this. If it is possible will the value of my pension remain intact.
Wbbs suggestion is good advice as is LDF. Alot of competition out there and you may save yourself a few €s on the life cover(within the mortgage protection) depending on your profile ( age/ smoker, etc not just mortgage amt). Old adage "shop around" still holds.