Aviva Lifetim mortgage - widowed mum died interest still at £14 per day

Remortgager_3

Are they allowed to do this? The house is up for sale but probate hasn't been granted yet.

Also if they are allowed to get off with this shameful exploitation - how do I account for it on the HMRC forms?

hcb42

You might be better speaking to the mortgage provider, although I don't think it is "shameful exploitation" it was a loan probably needed at the time...

you might need to post a bit of detail to get more specific help though i.e what HMRC forms.

Sorry for your loss.

dunstonh

Are they allowed to do this?

Yes. The money is still outstanding.

Also if they are allowed to get off with this shameful exploitation - how do I account for it on the HMRC forms?

You put the position it is at when you fill the form in. It is not shameful exploitation. Estates can be open for years. Money is borrowed and interest charged until it is repaid. Quite normal and acceptable.

holly_hobby

Yes its an outstanding debt, interest doesn't cease on death, but will continue until discharged, be that by regular payment or a roll up arrangement.

It'll come under expenses of the estate, just like the payment of any os utility bills etc will.

Reporting is the role of the executor or administration (if no valid will at time of death).

Hope this helps

Holly

opinions4u

Who else should pay the interest?