Hi, I am dealing with a probate estate where the deceased took out a “shared appreciation” mortgage of about £40,000 back in 2000 (ish). He then proceeded to pay off the loan and in December 2021 when he died the balance stood at £17,230. The mortgage is with the Bank of Scotland .
The shared appreciation part comes to £192,750, which means the estate has to pay back £210,000.
This seems unbelievable to me and I wonder if this arrangement can be challenged in any way?
Has anyone dealt with anything similar and could offer any advice or where I could obtain further help.
Any thoughts, welcome please.