Inherited Mortgage

dgmorgan

Hi folks

I'll try to keep this short.

My dad passed away last month. My mum's name is still on the mortgage and the title deeds to the house (joint tenancy), despite them having divorced in 1990 and her subsequently remarrying (perhaps something got lost in the post!).

Neither my mother or I were aware of this until I went through my dad's papers. She does not want the house and does want the mortgage, but the building society will not take my money (there is less than a grand outstanding, I have offered it to them 3 times now!).

I know that a deed of variation relieves my mum of the house but does it relieve her of responsibility for the mortgage?

Just after a bit of background before I go to a solicitor.

Cheers folks

Dave

JA1000

Who is the beneficiary from the sale of the property? Due to the amounts involved I am sure the lender can wait until sold or what ever happens.

If it doesn't relieve her of the the responsibility, you give her the money and she pays it.

getmore4less

my understanding.

Joint tenants the house belongs to your mum through survivorship
Don't know if you can change that.

Mortgage think she becomes liable

can't you give her the money and she can pay it off.

She can gift the house to get rid of it.


Who is dealing with the estate? was there a will?

Might still need a valuation for probate.

dgmorgan

Thanks folks

The matter is now in the hands of a solicitor and the whole thing is simpler than I thought it would be.

Cheers Dave