My husband was a war reporter working in Iraq. Every time he went away I worried and stressed that something would happen but he always assured me that he never took any chances. I was fotunate enough to be able to run my own small business from home which kept me busy during the day and also meant I was there for the children after school.
Even when he was away my husband would deal with all the household finances from his laptop. When we bought our first house and he was reporting from the Falklands, he searched out mortgage advice on line and arranged our mortgage from a distance. He continued with an insurance policy that he had taken out many years ago, so as far as I was concerned everything was covered.
The day I was told of his death I was inconsoleable. The usual neccessities were dealt with and it obviously took some time for myself and the children to come to terms with what had happened. I believed all the finances to be dealt with but had begun to recieve letters from my mortgage lender saying there was a problem with the repayments.
My brother sat me down one day to help me sort it out and we opened the dreaded letters together. The insurance letter, which I thought was a standard payout, turned out to be no such thing. Because of a loophole in the policy and the fact that my husband was in a no-go area at the time, the insurance company decided they would not pay out.
The mortgage lender had got wind of this which meant no life cover and no mortgage cover! I was two months behind with the repayments and they were threatening to repossess my home. Where would I go with my children? How would I get my business back on its feet after neglecting it for the last few months? How would I support my children?
My brother was there to help. Having taken mortgage advice himself recently, he put me in touch with the right people. My main priority right now was keeping a roof over our heads but how was I going to do this with such a drastically reduced income?
My mortgage adviser came out to see me, talking to me like a real person and not a business opportunity. We went through my personal circumstances. Due to the lack of attention I had given my business recently, I had run up debts on top of my mortgage arrears. After shopping around with mortgage lenders, my mortgage adviser was able to secure me a mortgage specifically tailored to the needs of a self employed person. It encompassed a debt consolidation arrangement, business protection and proper insurance cover.
With these concerns now dealt with in such a professional manner, I was now free to concentrate on getting my family and my business back together. As soon as I am ready to do so, my mortgage adviser will be helping me to deal with will writing so that my children do not have to face these difficulties again.
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