Hi,
I am looking for some advice on Equitly release products or maybe life loan products.
This info is for my mother who is feeling the pinch (money wise) at present and was looking at maybe releasing some equity from the family home.
She is 73yrs of age.
Family home = 410,000
A sum of around 60,000 would be ideal to be released , I realise the Interest rates of such products are pretty high but any advice is welcome.
Have also tought of keeping banks out this transaction and maybe borrowing on my own home and then coming to agreement on a percentage of the family home but we have a big family and could get messy. ...what you think ?
Thanks In advance.
M.
I am looking for some advice on Equitly release products or maybe life loan products.
This info is for my mother who is feeling the pinch (money wise) at present and was looking at maybe releasing some equity from the family home.
She is 73yrs of age.
Family home = 410,000
A sum of around 60,000 would be ideal to be released , I realise the Interest rates of such products are pretty high but any advice is welcome.
Have also tought of keeping banks out this transaction and maybe borrowing on my own home and then coming to agreement on a percentage of the family home but we have a big family and could get messy. ...what you think ?
Thanks In advance.
M.