Prudential Lifetime Mortgage

I know this is a long review - but please read, be warned!! This organisation are a full on bully-boy organisation. My Mother in Law took out a lifetime mortgage of £37,500 valued against a house 3.5 times that amount in 2007. The terms being that the amount was repaid upon the sale of her house of upon her passing and the sale of the property. Sadly she did pass away 3 years on, in July 2009 and my husband inherited her house along with his brother. The house is located in a very small town in the North East where there has been no house market for 18 months. We have been totally harassed with threatening letters as we had a 9 month window in which to sell the house, (which was never going to happen probably not for at least another year) - with the threat of repossession, so they would take it and sell it to cover their debt which was £42,000 ( it goes up roughly £10 per day dependant upon obviously how much has been borrowed). They hassled us, so we got a solicitor involved (more money), they never bothered the solicitor although they were asked to do so but then continued to hessle the Estate Agent every other week - "It's not being marketed properly", " It's over priced" (we dropped the price 3 times). Eventually they sent us a letter on 26th November 2010 to say we had a month to come up with the money else they would repossess the house and sell it to cover their costs - leaving my husband and his brother with next to nothing, especially sad as nothing to show for their hard working Mother, who had never done anything but work hard all her life - and on a house that was today valued at £100K and in 2007 at £130K. We had no alternative but to sell the house to an investor at a reduced rate just to get them off our back. Not only has my husband and his brother lost most of their inheritance to this despicable bully-boy company, whilst trying to recover from the loss of their mother - this company have harassed us and made our lives so stressful for the past 15 months, I cannot describe it. It may seem a great idea at the time but for those that are left to deal with them after the passing of the person that has borrowed the money - it is a total living nightmare that clouds your life until such time that you have to accept defeat. AVOID THE PRUDENTIAL AT ALL COSTS, THEY ARE AWFUL. I would actually give them zero out of 10 but i doesn't appear that I can do that.