Halifax retirement plan (interest only) mortage

Dimwit100

My mother recently passed away and while sorting out the money side of things I found out the mortgage taken out in 1986 which I had been told had been paid off was still running. My parents had in fact taken out a Halifax retirement plan mortgage which is an interest only mortgage of just over £8000. At some point they also took out home insurance from the Halifax I'm not sure if this was at the same time or at a later date, the cost of which was added onto the mortgage. The repayments were just to pay off the interest and did not appear to take into account the insurance costs.
The price of the insurance has increased year after year. It appears they just renewed it at what ever price they were quoted and didn't question it. It actually ended up this year in January at £942 for a 2 bedroom end of terrace. This again was added onto the original £8000 which has now increased up to £13600. So when the last person on the mortgage passes away which would my Dad what should have happened is the original £8000 would have to be repaid but now it has increased to £13600.
No insurance policy was taken out to pay off the original amount.
My Dad is now 83 and has been diagnosed with mild dementia. My older brother who is 50 and is unable to work claiming incapacity benefit has always lived at the property.
The fact the original amount has been allowed to increase to this amount does seem right either legally or morally.
Can anyone please offer any advice on how I could tackle this situation?

Thrugelmir

Dimwit100 wrote: »

The fact the original amount has been allowed to increase to this amount does seem right either legally or morally.

Don't overlook the fact that people also have a responsibility to make manage their own affairs. Your parents made their own decision some years back.