UK Family Law
UK Family Law Questions Answered by Verified Experts
Hi Claire and thanks for getting back. There is £1000 outstanding on the mortgage which is payable within the next 12 months. I imagine that an early redemption fee would apply if asked to repay now. It was a built-up plan, the mature sum having now been paid to the lender. I received the inheritance upon my father's death in 2006, £17,000 of which I spent on a classic car. I also inherited around that time around £2-3,000 worth of stamps which I have added to my existing collection, which I have accumulated since boyhood, now valued at approximately £35,000.
Hope this helps.
Hello Claire, I now have the up to date figures, slightly higher than originally mentioned. I have £8,724 in ISAS and £87,495 in my Retirement Account. My wife has a small pension of £4,000.
That is about it in terms of assets, I keep a balance of around £15,000 in the bank as I operate as a freelance translator and transfer money from that to another bank for everyday expenses. I think you now have the complete financial picture.
Dear Claire, thank you so much for your efforts and alerting me to my options, which I admit are not many.
Kind regards, Roger