Removing a Borrower from Mortgage

NightFox

When my wife and I took out our current mortgage 15 years ago, we still hadn't finalised the sale of our old mortgaged property so we had to include my father-in-law on the new mortgage to also have his income taken into account, so the mortgage was in three names. We never got round to changing that when we paid-off the original mortgage a few months later, and he recently passed away. I'm a bit concerned about opening a can of worms if I ask my lender to remove him off the mortgage - are they likely to insist we re-mortgage, or will they just run an eligibility check on me to ensure I'm still a good credit risk? My father-in-law never contributed to any mortgage payments, they were all made by me and he has never had a financial interest in our house beyond this mortgage.

penners324

You've not remortgaged in that time?

What's stopping you remortgaging now?

silvercar

Is he on the deeds as well as the mortgage? If so, you will need to remove him from that. I hope there is a document specifying that he isn’t a beneficial owner otherwise part of the property value could become part of his estate.

I agree with the previous poster, why didn’t you reduce your current mortgage when you sold the previous property? How come you haven’t needed to remortgage anytime since? (Saying that, I’ve been on a base rate tracker since 2004, so haven’t needed to remortgage.)