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written or verbal agreement ?

andy_johnson · 2006-10-29 13:26:08

My late mother took a loan from my brother in law in 1990. Iam her son and one of the executors of her will. None of the money was repaid during this period up until this day. Now my brother in law is looking for the loan plus interest. He as said there was a verbal agreement with my late mother, that the loan would be…

Comments

Bossyboots Posts: 6,759 Forumite

30 October 2006 at 9:39AM

Just because a legal charge exists, does not mean it is secured against the property. Perhaps the OP could confirm.

In any event, the charge is registered against the mother's house and that house forms part of her estate so the debt is repayable now, even if that means selling the house. Debts on the estate take precedence over bequests.

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