What if I have made regular withdrawals from a drawdown equity release facility over a long period?

If you take out a product solely in your name, then after your death, the lender will usually allow the executor of your will up to 12 months to sell the home ... If your plan is in joint names, then your partner will be able to continue living in the property under the same terms. If the only policyholder dies, the mortgage will usually be paid back from the sale of the property. Aviva Equity Release – Mortgages will contact you if they ... When the last borrower dies, the equity release plan comes to an end and the property will need to be vacated. Sometimes there isn't anyone who wants to act on behalf of the deceased. If this happens, please get in touch with us to discuss alternative options. Can we ... Jan 23, 2025 ... Should I co-sign for the home equity loan or guarantee a car loan or mortgage if we are not getting along? Consider that co-signing for a loan ... Feb 14, 2024 ... Passing on money after you have died is easier in a way ... You might choose to do this either via equity release, or by remortgaging. Jan 27, 2019 ... So we just don't know what to do. I have yet to contact a solicitor and we haven't registered the death yet but from what I can see online it ... Oct 2, 2024 ... Spouses cannot be forced to pay off each other's medical debt in life or in death ... equity loan issues, and car repossession issue. Out of ... Jan 27, 2024 ... Your heirs can decide whether to repay the loan balance, keep the home, sell the house, and keep the equity, or walk away and let the lender ...