I said I would confirm what we spoke about.
Your late husband died without writing a will and therefore under the rules of intestacy a spouse gets the first GBP270,000 of the deceased estate +50% of the remainder.
The other 50% of the remainder goes between the deceased’s children equally and if any of the children have died, the deceased’s parents share goes to their children, the deceased’s grandchildren.
What that means therefore, in your case, is that the house now belongs to you.
If you don’t write a will, the house goes to your siblings if you have no parents.
The house is in joint names and you can remove your late husband’s name by submitting land registry form DJP to the land registry along with a copy of the death certificate. It is free. Here is the form:
And the land registry address
HM Land Registry Citizen Centre
PO Box 74
You need to speak to the Halifax first because they may allow you to continue as you are but meanwhile keep paying the mortgage.
What you are enquiring about is a Lifetime Mortgage and it may be that you need to speak to a mortgage broker.
The market leaders are Aviva: https://www.aviva.co.uk/retirement/already-retired/equity-release-ppc-bp/?source=ER90&entry=146336&cmp=ppc-eqr-acq-bra-LMGeneric&gclsrc=aw.ds&&gclid=CjwKCAjwxev3BRBBEiwAiB_PWDGUU-e6R8_PU-_o6YdQiFVvaSdQV9Hlqs5IYWxv4s4_EYMZazuJiBoCynYQAvD_BwE&gclsrc=aw.ds
Basically, you take the money out of your house (from which you would pay the Halifax) and the interest either rolls up and is repaid when you die or you repay the interest over the period of your lifetime. Hence lifetime mortgage.
So there is light at the end of the tunnel unfortunately you are looking at it very early on before they are putting any pressure on you.