Island Life Magazine Ltd February/March 2011 | Page 31

property

Island Life - February/March 2011
accommodation is perhaps the single

Who is responsible for mortgage

to be put in place at the outset of the

most important financial transaction

repayments? Who is responsible for

Mortgage to effectively protect the

which any individual transacts in a

other outgoings? Who is responsible

mortgage on the first death of a joint

life time. It is therefore of the upmost

for repair, maintenance and Insurance?

owner.