Urgent Help Please

missk249

Thanks.. I thought I would need to get advice from professionals, but as everything else I have hada problem with has been able to be sorted out with advice from this site, i thought I would give it a try! thank you all ! x

Conrad

Beware letting one of these firms buy your house to the let to you. If they get into arrears the house is repossessed regardless. You would have to ensure your Lawyer confirmed they were a cash buyer and that the asset was legally ringfenced in the event the buyer went bankcrupt and that the property could never be offered as security for a loan of business.

Hugbubble

Speak to the NHS pension scheme people. The benefits payable on death are usually quite good and you may well be entitled to something. You can find the website by a simple google search using "NHS" and pensions" as search terms.

chappers

There are a couple of things here.
1. Are you definitely sure there is no insurance on the mortgage
2. If your sister takes out a mortgage on the property how will the repayments be sorted i.e you, her or both of you paying it. Can you really afford your share or all of it, plus all the bills etc.
3. What happens if your sister needs to take on another mortgage in the future what will happen to the house if she needs to redeem that mortgage so she can take out another.

I fully appreciate there are sentimental reasons why you and your sister would want to keep the house, but please bear in mind that the most sensible way may be to sell up split the proceeds and you rent somewhere else as has already been said you need to seek some proffesional help on this.

Good luck
Gareth