My wife may buy a property, it would be solely in her name. Her deposit being a family gift.
My questions come about as during the mortgage application she was asked who the house would go to if she died, she said me.
I was discharged in August 2007 (after 6 months) and my final IPA payment is in March 2010. We have no financial association, CRF has been checked.
Questions as follows:
1) I understand that after my final IPA payment in March 2010, the OR has no interest in me, is this correct?
2) If so then should her house purchase go through before my IPA ends, it seems logical to me that the OR would have no interest in this property unless my wife died in the very short space of time between buying the property and my IPA ending. Is this correct?
Many thanks indeed