Henry and Pam are to divorce after thirty years marriage. They have an existing lifetime mortgage and as part of the divorce settlement, Pam is to remain in their property as sole owner. What will usually happen to the mortgage as a result?
The loan can continue but will have to be changed to being in Pam's name only
The whole loan will have to be repaid
Henry will have to agree that Pam can continue with the loan
Henry's share will have to be repaid
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