Thank you for your reply
Current value: £385k (approx)
Outstanding mortgage amount: £275k (approx)
Both parents names were put on mortgage, at my father's request, out of consideration and respect.
In terms what rights she has, when I spoke to the lender about possibly removing her name, they said that ideally they would prefer to keep both as a precaution, so that they have 2 named persons they can pursue in case of any legal issues e.g default, etc..
Please let me know if you need further info
To be honest I am not sure. Speaking to my Financial advisor, he has not mentioned this point or any other special points had been added
Could you advise on assumption that no special provisions had been made
Thank you Clare
I assumed as much. I do not really want to cause any distress to an elderly parent but I do need to think of doing something to help us financially at least for the short term
Any thoughts on other possible options?