MORTGAGE INSURANCE
Borrowers, at last freedom to choose your own mortgage Insurance*
…Insurance premiums €85/year per €100.000
We all have taken out loans either to buy a house or to do business. The financial institutions (Banks) ‘’forced’’ the debtor to insure the mortgaged property with a specific insurance company chosen by the respective Institution, which usually belonged to them, and did not give him the option to be insured elsewhere and even worse charged him with what they consider a fair insurance premium.
Article 37 (1) of the Law on Consumer’s Faith (Housing Loan Agreements) clearly states that, in the event whereby the financial institution requires Insurance Cover from the borrower for the property being mortgaged, then the debtor is entitled to choose the insurance company with which he wants to be insured.
If you are interested to lower your mortgage insurance premiums, please fill out the enquiry form, and we will call you for a free analysis of your mortgage insurance, and we may be able to save you premiums.
Clarification
The information above may vary from Insurance Company to Insurance Company. Depending on the Insurance plan we will propose, we will give you all the relevant information required by the legislation so you can make your decision. Ask us today for an offer and, we will choose the most suitable package for your needs and budget.
