If the house is subject to a Will .. then the C&G can make no claim on it until probate is granted - at least that is what the last 10 minutes of google reading has lead me to believe - and any overdue payments would come from the estate of the deceased.
I reiterate .... get PROPER advice .. my research and other folk guesses mean didly squat ... Professional advice is required .. soonest.
Yes, balanced with a
true value of the assets in question. Don't just believe one person. Get an idea of how much its worth on the market and as rental. When my Uncle died, the solicitor was there to clean things up, that's all, he even had a possible buyer. I got a better price based on current market rates. Getting best price, value for money, the best plan is not top of his agenda. He wants to finish things off as quick as poss so he gets his dosh, looking at the gradual market recovery, it may be in your best interests to hang on for a while.
Rental on £100,000 property is bound to exceed a £16k mortgauge. Say 10% interest/mortgauge is £1600 per year, rent out at £50 per week is £2500 per year, which is a cheap rent, and you are not forgetting most of the income is offset against against interest so naff all tax. If you could renegotiate the the mortgauge plus loans at some of the 6% rates about, then things look a lot better, and you will have something left over to invest for the future.
Make the best of what you were left, don't let the incompetant clowns in building societies take it all. The government bailed them out, you don't have to as well.
Ken