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Interest only coming to an end

So this is on behalf of my mum.
She currently has a interest only mortgage which needs to be paid in full very soon. - she's nearly 60.
My dad passed away 12 year ago and wasn't insured so the debt was never paid. She has never done anything about the mortgage as she didn't want to change and become a risky lender and forced to sell so my dad is still on the mortgage and land registry.
I have completed the forms for her to take him of the deeds of the house. Which is a step in the right direction.
There is apparently a ccj and other mortgages in my dad's name which one of which mum is paying off. 
What would be the best option for her? Getting a remortgage for 5 years to pay off the outstanding- should be doable. Or sell up and go into rented accommodation. 
Any help or advice greatly appreciated 

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ikkleme_2 said:

    There is apparently a ccj and other mortgages in my dad's name which one of which mum is paying off. 

    Sounds as if you need to sit down with her and get a grip of the overall situation. Failing to deal with issues from 12 years ago isn't going to be helpful. 
  • MWT
    MWT Posts: 10,784 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Ikkleme_2 said:
    What would be the best option for her? Getting a remortgage for 5 years to pay off the outstanding- should be doable. Or sell up and go into rented accommodation. 
    Any help or advice greatly appreciated 
    Best bet is to get together with a good broker and have them work through the options with your Mother.
    Can't really suggest anything else without a lot more detail like, value of house, amount outstanding on the mortgage, her current income and how that looks over the next 5-10 years etc....

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