Mortgage with mum

Hannahbanana19

I wonder if anyone can answer a question that I am sincerely struggling with.

My husband recently purchased a house off of the council with his mum, under right to buy. The mortgage they have currently lists them as ‘tenants in common.’ The mortgage was for 62,500 and was a 7 year mortgage. I understand that if his mum were to die (hopefully not) during the mortgage period, then the house would automatically transfer to my husband.

I want to know what happens AFTER the mortgage is paid off. How does ownership of the house work? Do they own the house 50/50? Is she able to leave her half of the house to someone in a will? Or will the house still automatically go to my husband?

Thanks to anyone who can answer!

jaybeetoo

http://www.thisismoney.co.uk/money/news/article-1594984/Tenants-common.html

jaybeetoo

Hannahbanana19 wrote: »

I understand that if his mum were to die (hopefully not) during the mortgage period, then the house would automatically transfer to my husband.

Not necessarily

I want to know what happens AFTER the mortgage is paid off. How does ownership of the house work? Do they own the house 50/50?

Not necessarily

Is she able to leave her half of the house to someone in a will?

Yes