Could your partner still afford your home if something happened to you?
If you die, the bank reassesses whether the mortgage is still affordable, based on the survivors’ pensions your partner is entitled to from OASI, accident insurance and the pension fund, plus your partner’s own salary. We calculate whether that’s enough and, if not, how much of the mortgage would have to be repaid to keep it affordable. You can cover this gap with a lump-sum death benefit for exactly the missing amount.
Your property
After a death, the bank recalculates affordability using only the income left to the surviving partner. Often, both salaries were added together to get the mortgage in the first place.
Total amount (first and second mortgage together, if you have both). We work out which part must be amortised from the loan-to-value.
0 if the surviving partner does not work.
To calculate this, we still need the benefits your partner would receive if you died.
The OASI widow’s or widower’s pension, the pension fund’s spouse’s pension and lump-sum death benefit, and children’s pensions. We work these out from your pension fund certificate and a few details about you and your family. Upload your certificate or enter the figures by hand, and you’ll come back here automatically. Your property details will be kept.