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Recent Death - no will - only wife


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hi guys.

 

my bother has died. i was not going to write this however someone told me something scary and i felt the need to seek help.

 

my borther did not make a will and not sure if he has life insurance policy, we will try to find out.

 

Question: when we infrom the mortgage company that my brother has died. will they then after seeking proofs transfer the property and the mortgage product to the wife? or ARE THEY GOING TO SAY. Sorry pay up the mortgage in 30 days or take a new product?

 

Also with my borther death certification, wifes proofs, do we just contact the mortgage provider or is it more complicated and get a solictor involved?

 

what about things like titles, deeds and other words which i dont know about. I have zero clue. Everything was done by the brother and now hes gone.

 

if the property transfers to the wife and as long as the mortgage is paid then we have no issues. I will help with the payment untill we can sell it.

 

do we just inform the mortage people or is there differnet deparments we need to contact.

 

Ali

 

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Have you checked if it was a joint mortgage ?

We could do with some help from you.

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Normally their is a requirement/insistence to take some kind of insurance with the mortgage..check that out first.

We could do with some help from you.

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1 minute ago, Andyorch said:

Normally their is a requirement/insistence to take some kind of insurance with the mortgage..check that out first.

okay if he hes or not is not the issue.

 

issue is does it transfer to the wife and at some point when remortage is needed then we can worry about other things?

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You state its in your brothers name only so no joint mortgage, but she will naturally inherit the property so best to speak to the mortgage provider and see what options available to remortgage transfer etc....if there is insurance then the mortgage will be settled. 

We could do with some help from you.

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6 hours ago, philmycoke said:

okay if he hes or not is not the issue.

 

issue is does it transfer to the wife and at some point when remortage is needed then we can worry about other things?

 

I think you've misunderstood Andyorch's question.

 

When an individual takes out a mortgage to buy a property, it is standard practice for the mortgage company to insist that the mortgage holder take out life insurance so that the mortgage can be paid off in the event of their death.  It's standard practice because it's in the mortgage company's interest to insist upon it because it safeguards their money. 

 

Unless your brother got a mortgage from some dodgy backstreet moneylending company, it should not be an issue, but you do need to find out.  If his wife is not familiar with his finances, you or she needs to go through all his papers etc and look for monthly payments etc on his bank statements.  If you can't find anything obvious, ask the mortgage company.

 

If they were married his wife should inherit the house under intestacy rules.  

 

 

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