A question came to my mind the other day.
If something happen to the mortgage owner, what rights his/her spouse and children got? (married couple)
Currently the mortgage and deeds are in my spouse's name, we paid the deposit on the house from our savings pretty much 50:50.
For reasons of income (I was self employed and my wife's on PAYE) we took the mortgage and deeds in her name.
Now, I do remember signing some sort of no claim to the house form during the application procedure with HSBC. My name is somewhere on the documents but I am not named on the mortgage itself.
We now have a two years old daughter and was wondering what rights do we have if something will happen to my wife?
So sages of knowledge here..;)
Before calling the mortgage company and the legal eagles I am trying to understand where we stand and have as much ammunition before they all start to push their little greasy paws in our pockets.
If something happen to the mortgage owner, what rights his/her spouse and children got? (married couple)
Currently the mortgage and deeds are in my spouse's name, we paid the deposit on the house from our savings pretty much 50:50.
For reasons of income (I was self employed and my wife's on PAYE) we took the mortgage and deeds in her name.
Now, I do remember signing some sort of no claim to the house form during the application procedure with HSBC. My name is somewhere on the documents but I am not named on the mortgage itself.
We now have a two years old daughter and was wondering what rights do we have if something will happen to my wife?
So sages of knowledge here..;)
Before calling the mortgage company and the legal eagles I am trying to understand where we stand and have as much ammunition before they all start to push their little greasy paws in our pockets.