Posted on 4 April 2011 by mike hewer
I took out a mortgage on my mom and dad's house in 1989, Ii still have 7 years to go on re-paying it as it was re-mortgaged in 1992.
The deeds were in the 3 names, but my dad died in 1995 so deeds are now in my mom and my name. The house is worth approx £95000 and the remaining mortgage is £13,000 I wanted to know if we re-mortgaged it up to £80,000 what would the legal stance be if say she had to go into a home in 2 years?
I have referred your enquiry to our in house solicitors, Rollingsons and you can expect to hear back from them by e mail in the near future.
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