My Dad & I have had a joint mortgage for 18 years.
Always paid through a joint account with funds from the rental income of another property we own jointly.
The mortgage term has ended with a lump sum required.
Due to Dads capacity and age a new mortgage term is not an option.
Can Dad pay off the lump sum without us having to document the transaction other than with the bank ?
Pearls of wisdom much appreciated !
Always paid through a joint account with funds from the rental income of another property we own jointly.
The mortgage term has ended with a lump sum required.
Due to Dads capacity and age a new mortgage term is not an option.
Can Dad pay off the lump sum without us having to document the transaction other than with the bank ?
Pearls of wisdom much appreciated !
