Hi,
I’m looking for some advice for my partners parents.
Basically they live in a nice four bedroom semi in a nice area of Dublin. The house is in need of renovation and we think that about 50k will be need to do this. They can’t afford this without a loan or equity release of some description so I’m wondering what would be the best way for them to raise this money?
They own their home (mortgage was paid off years ago) and are currently retired. They are in their mid 60’s and have no outstanding debt.
I was thinking about some sort of equity release but I’m not sure if this is appropriate for them. Also would their age exclude them from personal loan?
I think they should get independent financial advice, can anyone recommend a good advisor in North Dublin/
Any advice would be much appreciated.
Thanks.
I’m looking for some advice for my partners parents.
Basically they live in a nice four bedroom semi in a nice area of Dublin. The house is in need of renovation and we think that about 50k will be need to do this. They can’t afford this without a loan or equity release of some description so I’m wondering what would be the best way for them to raise this money?
They own their home (mortgage was paid off years ago) and are currently retired. They are in their mid 60’s and have no outstanding debt.
I was thinking about some sort of equity release but I’m not sure if this is appropriate for them. Also would their age exclude them from personal loan?
I think they should get independent financial advice, can anyone recommend a good advisor in North Dublin/
Any advice would be much appreciated.
Thanks.