my deceased father's mortgage

VIGILANT22

Errata wrote: »

Why would that be? The property isn't being bought and sold, it's a bequest in a will.

http://england.shelter.org.uk/get_advice/families_and_relationships/when_someone_dies/if_an_owner_dies/checking_the_title_deeds

Can the title deeds be changed?

This can happen whenever ownership is transferred including:

• if one joint owner has died
• if a sole owner has died and left the property to someone else in their will.

You will need a solicitor to carry out the necessary legal work and record the new information in the relevant Land Register. Your solicitor will charge for this, so make sure you get an estimate in advance.
If you have an outstanding mortgage, you'll also have to get your lender to agree to any changes in writing before the deeds are changed. You'll also have to write to your lender, asking them to send the title deeds to your solicitor. Once they have changed the deeds, your solicitor will return them to your mortgage lender. If there are any other joint owners, they'll also have to agree to any changes.


You are not really helpful.......

pict_saver

getmore4less wrote: »

How can you have done this?

There is stlll a mortgage in your fathers name.
The house has not been transfered to the new owners.

Have you gone through probate yet?

I wonder what else you may have missed.

Your another one that asks silly questions and gives no advice!

pict_saver

Debt_Free_Chick wrote: »

In whose name(s) is the mortgage? And who is the owner(s) named on the title deeds to the property?

I ask this is as most lenders will not grant a mortgage to anyone who doesn't appear as the "owner" and named on the deeds.

my father's name is on the deeds

pict_saver

VIGILANT22 wrote: »

http://england.shelter.org.uk/get_advice/families_and_relationships/when_someone_dies/if_an_owner_dies/checking_the_title_deeds

Can the title deeds be changed?


This can happen whenever ownership is transferred including:

• if one joint owner has died
• if a sole owner has died and left the property to someone else in their will.

You will need a solicitor to carry out the necessary legal work and record the new information in the relevant Land Register. Your solicitor will charge for this, so make sure you get an estimate in advance.
If you have an outstanding mortgage, you'll also have to get your lender to agree to any changes in writing before the deeds are changed. You'll also have to write to your lender, asking them to send the title deeds to your solicitor. Once they have changed the deeds, your solicitor will return them to your mortgage lender. If there are any other joint owners, they'll also have to agree to any changes.


You are not really helpful.......

Thanks again Vigilant 22 you have been most helpful in this difficult task. I was just wanting pointed in the right direction to follow. thanks

Debt_Free_Chick

pict_saver wrote: »

my father's name is on the deeds

This is rather odd. A mortgage is simply a special kind of loan, whereby the owner of a property gets a loan in return for offering their property up as security. So, if the borrower fails to make the loan repayments, then the lender takes (repossesses) the security. It's odd that you offered up a property you didn't own as security for the loan (mortgage). But you are where you are and you have a mortgage on a property you don't own.

my question on what to do about my deceased father's mortgage. Me an my 2 sisters are paying my fathers mortgage (in his sole name)and me and my sisters are to inherit in the will. Mother not on the mortgage, and needs to live there.
Do i tell the Halifax that he's passed away, just show them the death cert. and change it into are names?, need lawyers?.
We fixed it for 5 years to jmay 2014 last year! Still keep paying until end of fix? then maybe go onto svr? or do get the name changed at the end of the fix?

If the mortgage is in the name of you and your sisters, then no - you need do nothing. However, as part of the process of dealing with your father's affairs, the deeds of the property should be changed to show that you and your sisters now own it.

The lender will no doubt be informed, but that ought to change nothing.

VIGILANT22

Debt_Free_Chick wrote: »

This is rather odd.

It is not if you would read it properly!!!...

pict_saver

just one more question should the solictor deal with the house and debtors and creditors accounts etc... together or ?

VIGILANT22

yea they should be able to.....remember and ring round for approx quotes.....

pict_saver

VIGILANT22 wrote: »

yea they should be able to.....remember and ring round for approx quotes.....

we paid him up to dealing with the accounts so far, but still have this house issue which i think he might be treating separately!

VIGILANT22

yeah it will be.......