This is clearly a hugely difficult time for all involved, and of course, the circumstances will differ from person to person. The important point is to seek independent advice about your mortgage position, and if making the loan payments is going to be an issue, inform the lender as soon as possible.

Today lenders are sympathetic about changes to relationships, or family circumstances with some having specific departments to manage such situations – but they need to know!

Over time most situations come to a conclusion. In the case of a relationship breakdown, this would typically be an agreement between both parties on how best to move forward. In the case of bereavement, it may mean waiting for probate being granted and the execution of the will provisions.

This could involve the sale of the property or one or other party buying the other person’s share of the property. This is dependent upon all the normal lending criteria and suitability being met by the applicant.

When great change occurs during our lifetime and a mortgage is involved, most people would understand that it may not be the most important thing on your mind. However, the situation can change very quickly, and if left unaddressed it can compound the issues and stress. There are groups like Citizens Advice on hand to assist, legal advice may be a consideration and speaking to the lender/s involved is always the best place to start.

We understand just how difficult dealing with a lending institution can be at this time, so if you need support or help to come to an agreement with your lender we will endeavour to assist in these often-challenging circumstances.