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Fair deal - deferral

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  • 22-11-2023 12:02am
    #1
    ~lou~
    Registered Users Posts: 6 ✭


    Hi,

    looking for information on the deferral process .

    Mam has passed and dad is still living in the house so the payment is not due until he passes or if he decides to sell.

    so he’s asked me to take on the deferral part of the application and pay the bill when the time comes. (The home has been left to me in the will, so payment will come from this)

    i know the principle fee incurs inflation charges and I’m looking into what his home insurance covers. (if ever a fire happened)

    I don’t know where this figure could end up in 10 plus years.

    Is it a risk taking on the deferral process? Are there any loop holes I’m missing?

    Any help is appreciated, thank you!

    Post edited by Spear on
    Tagged:


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