I'm recently widowed, and want to take over the mortgage. Will the lender let me do this?

Posted on 28 June 2013 by Glynis

My husband has died earlier this year. The bank have asked me to pay the mortgage off. Having written to them they have now said they will consider transfer of the morgage. What will this entail? I dont have much pension income and I dont work at the moment. But we have never missed a mortgage payment in 30 years. Do you think they will transfer to me without my working and having a big income. I can afford the repayments?


I'm sorry to hear about your husband. If your existing lender is prepared to transfer the mortgage into your name then this would be primarily a paper exercise. They will assess whether you can afford the monthly payments based on your pension income, and also look at what age they will allow you to take the mortgage to.

If they decide against allowing you to take on the mortgage, then please let me know and I'll arrange for you to have an initial discussion with one of our consultants to see how we can assist you.




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