Good Afternoon!
I'm just trying to get a little understanding on a form I've been asked to sign, an Occupiers Consent Form. I understand this is in place to protect the lender from me laying claim to the property as I'm not on the mortgage. However I wondered where this would leave me should something happen to my partner?
- My partner has a Mortgage Decreasing Life Assurance policy. In an event, would this policy settle the mortgage and so I get to stay in the house?
If so, where does this need to be stipulated?
- We're not married at the moment. Should we get married, does this affect the terms & conditions of the Occupiers Consent Form or is it only if I go on the mortgage as well?
Any help would be grately appreciated as we're being pressured to get the sale / purchase through as quickly as possible!
Thank you guys :)
I'm just trying to get a little understanding on a form I've been asked to sign, an Occupiers Consent Form. I understand this is in place to protect the lender from me laying claim to the property as I'm not on the mortgage. However I wondered where this would leave me should something happen to my partner?
- My partner has a Mortgage Decreasing Life Assurance policy. In an event, would this policy settle the mortgage and so I get to stay in the house?
If so, where does this need to be stipulated?
- We're not married at the moment. Should we get married, does this affect the terms & conditions of the Occupiers Consent Form or is it only if I go on the mortgage as well?
Any help would be grately appreciated as we're being pressured to get the sale / purchase through as quickly as possible!
Thank you guys :)