In terms of any other claim being put forward under the inheritance act then I assume this can only be done if there is a balance after all secured debts, hmrc and funeral expenses have been paid. In essence close relatives can't make a claim unless there is residue left in the estate that would be shared, in this case there isn't. I am concerned about a claim being put forward and being left with debts to pay.
Could I ask about the probate? I am waiting to get everything together in order to apply for probate. the mortgage interest is at £30 per day at the moment but I have some savings which I would like to use to reduce the liability as I understand I am now liable for the interest. The mortgage was joint and several but I am worried if I pay some of it off then this will not look to be recivered from the estate. What shall i do. I need to reduce the interest being charged as soon as possible?
So can I begin to reduce the mortgage liability now without probate but his half of the mortgage will remain with him? We were tenants in common with myself having a prior share as the deposit that was put down. I just need to reduce the mortgage but am concious the title deeds are in share proportions.
Ok but if I REDuce the mortgage liability will his share of the liability remain with him ? The amount of the asset is terms of the house is approx the same as his share of the liability which will pass to me under intestate law but what I am worried about is a claim under the IH act and the asset being taken into account without the liability as I have paid it off. If that makes sense