Complicated Question

Girlonalake

Hi, I will try to keep this brief but bear with me. My husband died 8 years ago and we had a mortgage and property in joint names I received life insurance and paid off £120000 of a £160000 mortgage. I kept the other £40000 to pay off debts and to act as a buffer for myself and my 2 small children. Fast forward and I am now remarried, however I have carried on paying the mortgage myself from my own account (nothing to do with my partner) and I never informed the mortgage company or the land registry of my first husbands death. At the time I was afraid I would be turned down for a sole mortgage and to be honest I was a bit of a mess so didn't want to deal with a lot of admin. Anyway I have no problem paying the mortgage but I'm wondering when it is paid off how do I go about having the house in my sole name or potentially joint names with my 2nd husband and not my name and the name of my first husband?

Thrugelmir

Consult a solicitor in order to get matters regularised. Has your mortgage much further to run?

xylophone

and I never informed the mortgage company or the land registry of my first husbands death. At the time I was afraid I would be turned down for a sole mortgage and to be honest I was a bit of a mess so didn't want to deal with a lot of admin.

You need to contact the mortgagee.

https://www.landc.co.uk/insight/2015/01/who-is-responsible-for-a-mortgage-after-death/

tacpot12

Do you know whether you own the property as tenants in common or joint tenants?

Did your husband leave a will and what did it say about the house and the residual estate?

How much longer until the mortgage is paid off?

The answers to these questions might be important in your situation.

Girlonalake

Hi we were Joint Tennants, joint names on mortgage and we had a very basic joint will, whereby in the event of either one of our deaths all of the estate passed to the surviving party.


Mortgage runs until 2030

getmore4less

As joint tenants the house and mortgage become yours in your sole name

Land registry changes are simple and the mortgage company should sort out their bit once notified.

Probably worth doing some research on transferable nil rate band to get the documents needed to support that for your estate when needed.