We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Surrender Mortgage joint life policy
Options
cary1122
Posts: 5 Forumite
Hi
My ex-husband and I divorce 1998 , I took over the mortgage
and he signed and agree but Barclay still wanted his name stay with the mortgage loan .
The mortgage came with a joint life policy and I paid off the mortgage last year ,I was expect the life policy matured itself ,I got told I need to surrender the policy but my ex he moved oversea since ,I have no way to contact him .
so how can I surrender the life policy without his signature ,
the paperwork he signed at 1998 will that proof anything but
I'm not sure the solicitor I used is still around .
Please advice !! Thank you very much !!
My ex-husband and I divorce 1998 , I took over the mortgage
and he signed and agree but Barclay still wanted his name stay with the mortgage loan .
The mortgage came with a joint life policy and I paid off the mortgage last year ,I was expect the life policy matured itself ,I got told I need to surrender the policy but my ex he moved oversea since ,I have no way to contact him .
so how can I surrender the life policy without his signature ,
the paperwork he signed at 1998 will that proof anything but
I'm not sure the solicitor I used is still around .
Please advice !! Thank you very much !!
0
Comments
-
If it's a straightforward policy with no cash in value then just stop paying the premiums.0
-
Is it an endowment or a term assurance? If the latter, as Leon says, just stop paying the premiums.0
-
YES !! there is money in it ,which surrender I can get some money back !!!
Please help !!!0 -
You need to ask the insurer for its procedure in such circumstances. Normally, an equity of redemption would be completed at the time of divorce to resolve this, rather than leaving it until now.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
-
When you divorced, did the solicitor assign the policy to you? (they should have)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
I'm not sure ! is there any way to override my ex signature ????
PLEASE !!!0 -
Ask the insurer if the policy was assigned following your divorce.
If not, then return to your solicitor and ask them why it wasnt assigned. If it was a mistake, then the solicitor may carry out the legal work required to get the policy sorted now.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards