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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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Our house is in my name and there is only 9 years left on

Customer Question

Our house is in my name and there is only 9 years left on the mortgage interest only with no provision to clear the balance and I've been told I've a terminal illness is there anyway my wife could rent it for the remainder of the Mortgadge and then sell it and get the equity
Nick
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.

Thank you for your question

My name is Clare

I shall do my best to help you but I need some further information first

What is the value of the property and how much is outstanding on the mortgage?

Why does your wife wish to rent it out?