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lifetime mortgage and probate


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a lifetime nationwide mortgage was purchased within a year of someone dying

 

probate was delayed for several months whilst legal issues were dealt with

that has now been issued.

 

we have been told by the nominated executor solicitor that all issues...

..i'e the sale of the house to meet paying the lifetime mortgage must be dealt with within 1 years.

 

when does that clock run from?

the death or the probate date?

 

we have a feeling the solicitor are pressuring us to accept a lower offer because the clock is ticking from death, when in all truth its nt that date, just to wrap things up quickly when they cant be bothered to properly market the property to attain a better value...

 

who's correct?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I would think it would be date of death, but don't know for sure. Ask them to provide the mortgage terms that state sale must be 12 months from date of death or the sale will be forced through by the mortgage company and at a value below true market value.

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apparently it was an

https://www.aviva.co.uk/retirement/equity-release/lifetime-mortgage/?cmp=knl-erppc-bing-brand--9215-3-&RT=9215-3&gclid=CLm4stXsgtcCFcpLGwodhYEObg&gclsrc=ds

 

goes by death date

 

If you’ve borrowed alone, your lifetime mortgage will be due for repayment in full when you pass away

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

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