.png)
.png)
In 1999 my client Miss S and her boyfriend Mr R bought a house together (tenancy in common). Her income was very modest his was good.
My client contributed £101 000 Mr R contributed £85 000 and they took out a joint repayment mortgage for £260 000. Mr R always paid the mortgage as Miss S’s income would never have enabled her to bear the cost.
It is not clear why Miss S was a joint mortgagor because Mr R’s income alone would probably have met the lender’s criteria at the time. Miss S simply signed the papers put in front of her.
After many years the relationship broke down and Mr R moved out. Shortly afterwards and just before his death he sold his business and without taking any professional advice repaid the outstanding mortgage balance (about £160 000).
The executors’ solicitors...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
