Equity release process after death & other complicastions in my father's estate

HanSpan

My father has recently died leaving me as sole executor and, apart from a charitable donation, sole beneficiary. In theory that should make things easy but it seems its not!
Dad had taken out equity release on his house so someone else owns about 75%. I've had a very quick scan through the paperwork but there isn't anything obvious about the actual process after he dies - I'd like to be better informed before I contact them as I worry they will try & get me and all the 'stuff' out in a hurry and that would be very difficult as OH & I live in a very small (and full) 2 bed terrace whereas Dad's is a big 4 bed.

Can anyone give me some information so I can go to them at least slightly prepared?

Thanks

getmore4less

Without seeing the documents it will be near impossible for any one to do anything but guess.

Read the docs carefully especially the terms of any payments, interest and accumulation of equity.

If you want to keep the place you will need to investigate your ability to borrow against it to pay off nay debts.