house owner who gets imprisoned?

tali

What happens to a house owner who gets imprisoned- as mortgage payments will be missed , does this mean any home owner who gets imprisioned suffers the "double punishment" of having their home repossessed?
What if the prisoner has a young family - if repossession occurs do children suffer the sins of their father?
Do courts take mortgages /home ownership circumstances into account?(obviously serious offences will require a custodial sentance)

Dan_Collins_2

Good question, well I am guessing as I have not come across this one. Mortgage lenders ask the question to find out if the borrower has a criminal record, if they have been to prison it can effect the underwriting of the mortgage. I think that each case will treated on its merit, I would be contact my local CAB and find out more.

wisbech_lad

Well, AFAIK, just like any other mortgage. If you or your OH can continue paying from savings, no problem. If not, well, duh. Hardly a double punishment, just the consequences of your actions

Courts do not take home ownership into account. They may take young family into account, but social services will step in, so not a big mitigating factor (i.e - even if you do get repossessed, the council will give the family emergency accommodation, and no one will starve if daddy has "gone away")

One of the reasons why crime rates drop very fast as people grow up - because your actions, which at age 17 only impact you, now have impact on your close family.

tanith

I know of someone this happened to , he had to go 'away' for a year and he rented the house out to someone whilst 'away' , I assume he paid the mortgage out of the rent... but there were problems.. I wonder if u can have access to your bank account whilst 'away'? Now thats an interesting question...

wisbech_lad

One could give someone power of attorney to run bank account/ rent while in the clink.

seven-day-weekend

Try this link:

http://www.prisonersfamilieshelpline.org.uk/php/bin/readarticle.php?articlecode=9263