Most people dream of one day owning their own home, and the way most people go about reaching that dream is with a mortgage. Buying a home is one of the most expensive decisions you will ever make, so we here at SimplyFinance want to help you get the most from your money when you decide to take out a mortgage.
In addition to educating you about and helping you find a mortgage, SimplyFinance offers information and assistance to those who are looking to remortgage and to those looking for information on buying to let. We offer helpful information for the first time home buyer, as well as to those who are experienced home buyers. Making this kind of decision carries a lot of stress, so let SimplyFinance help alleviate some of that stress by preparing you to make a wise home-buying decision and by helping find the right mortgage lender for you.
The ownership of the policy is determined by who the policy holder is or who the policy holders are. It does not matter who the lives assured are. So, if your ex husband is the only policy holder and it is not a policy in joint names, as opposed to joint lives assured, then he can cash it in as it is deemed to be his policy. However, depending on what any separation or divorce settlement says, the value of the policy could be taken into account in determining financial settlements between you.