My parents bought a house in the 1960s with a mortgage from the now defunct Civil Service Building Society, and mortgage insurance from RSA without any choice in the matter. My father died in the 1970s leaving my mother with 4 young children. She continued to pay the mortgage until it was cleared, 15/20+ years, but I'm wondering whether the mortgage insurance should have cleared it on his death?
She was not a financially savvy person, still isn't, and it's something I only asked her about very recently when discussing her health insurance. I don't know whether she co-signed the mortgage and she didn't want to revisit that time in her life. If she was a co-signee, would she have been liable for the outstanding mortgage?
Harry
She was not a financially savvy person, still isn't, and it's something I only asked her about very recently when discussing her health insurance. I don't know whether she co-signed the mortgage and she didn't want to revisit that time in her life. If she was a co-signee, would she have been liable for the outstanding mortgage?
Harry