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What to do after death of partner who has left a debt owing to MBNA credit card!


finchogue
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New to this site so hoping I have posted in the correct place.

 

I would be most grateful if someone could advise me on this matter.

 

My husband died recently leaving a £3,800 debt on his credit card. The only asset in his estate is his half share of the house which we own as "Tennants in Common". There is no money available to pay off this debt. We also have a lifetime mortgage via an Equity Release scheme. The title to my late husband's half share goes to his son by his first marriage in his will. Can I be forced to sell the house to pay this debt - and how so given the lifetime mortgage?

 

Many thanks

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H Finch and welcome to CAG

 

Take a read here:- http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingDebt/DebtsAndArrears/DG_10013093

 

Regards

 

Andy

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