Lightmyfire
Registered User
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Posting on behalf of a friend.
Her parents are in their early 70s and are both retired.
House worth €1m - mortgage fully paid.
They are looking for a €30k loan for home improvements. Ideally wanted to take an interest only loan and release equity from the value of the house.
They have been refused by their bank.
Advice would be appreciated on the best approach for them to take.
Her parents are in their early 70s and are both retired.
House worth €1m - mortgage fully paid.
They are looking for a €30k loan for home improvements. Ideally wanted to take an interest only loan and release equity from the value of the house.
They have been refused by their bank.
Advice would be appreciated on the best approach for them to take.