Hi,
Just after a bit of advice where possible. Unfortunately, our mum passed away just before Christmas after a very short struggle with Cancer at the age of 49. She was an amazing woman and Im extremely proud to have been able to call her my mum.
We havent really had time to grieve (denial probably), if were not organizing the funeral, then its bills and trying to organize her home.
Im hoping that someone may be able to help in regards to organizing my mums debts and mortgage, as I keep getting conflicting information so hopefully someone out there may be able to help, given that Ive never been in this position before.
Luckily, we managed to sort out a will (exactly a week before her passing), in which she signed all that she had over to myself and my little sister. This included my mums mortgage in which she still owes on. The problem is my mum had remortgaged and was the sole mortgagee and given that my mum didnt have any life insurance (cancelled exactly a year ago) or pension to clear the debt, we would like to take on the mortgage. Its with the Bank of Scotland.
The mortgage had accrued quite a bit of arrears (£11k £14k) over the years and prior to Nov 12 theyd allowed my mum a mortgage holiday under the circumstances. However, as Ive been caring for my mum for the last few months Im not in work but now looking, but I do have some savings that I could use to make the payments. The mortgage repayments are £900 approx a month so Im thinking of asking if we could pay an interest only rate for a period of time until Im back in employment.
Approximately, the house is worth about £130k and my mum owed £110k but its a good investment and me and my sister are looking to rent it out to students as its in a perfect area and weve had people enquire about it already.
Also, my mum had several debts which she owed on outside of the mortgage, would I be able to enquire about PPI on her behalf and if so, how would I go about this? Mum did start making enquiries but unfortunately time wasnt on her side.
Thanks for taking the time to read my post.
In love and light
:A Me x
Just after a bit of advice where possible. Unfortunately, our mum passed away just before Christmas after a very short struggle with Cancer at the age of 49. She was an amazing woman and Im extremely proud to have been able to call her my mum.
We havent really had time to grieve (denial probably), if were not organizing the funeral, then its bills and trying to organize her home.
Im hoping that someone may be able to help in regards to organizing my mums debts and mortgage, as I keep getting conflicting information so hopefully someone out there may be able to help, given that Ive never been in this position before.
Luckily, we managed to sort out a will (exactly a week before her passing), in which she signed all that she had over to myself and my little sister. This included my mums mortgage in which she still owes on. The problem is my mum had remortgaged and was the sole mortgagee and given that my mum didnt have any life insurance (cancelled exactly a year ago) or pension to clear the debt, we would like to take on the mortgage. Its with the Bank of Scotland.
The mortgage had accrued quite a bit of arrears (£11k £14k) over the years and prior to Nov 12 theyd allowed my mum a mortgage holiday under the circumstances. However, as Ive been caring for my mum for the last few months Im not in work but now looking, but I do have some savings that I could use to make the payments. The mortgage repayments are £900 approx a month so Im thinking of asking if we could pay an interest only rate for a period of time until Im back in employment.
Approximately, the house is worth about £130k and my mum owed £110k but its a good investment and me and my sister are looking to rent it out to students as its in a perfect area and weve had people enquire about it already.
Also, my mum had several debts which she owed on outside of the mortgage, would I be able to enquire about PPI on her behalf and if so, how would I go about this? Mum did start making enquiries but unfortunately time wasnt on her side.
Thanks for taking the time to read my post.
In love and light
:A Me x