Equity Release Question

My parents are considering a partial release of the equity in their home via the lifetime mortgage option. However, there's a possible complication.

15 years ago, I had to take out a mortgage on the property in mine and my mother's name as my father got into financial trouble (It was a necessary step to save the house at the time). The mortgage was paid off several year's ago but both my mothers name and mine are on the title deeds. The house is not my PPR. I live elsewhere with my spouse with my own albatross of a mortgage on that property. Even though I'm listed on the title deed, I consider the house to be my mother's to do with what she pleases.

Most of the companies operating equity release products specify a minimum age of 60 or 65 to be eligible.

My question is,

Does the fact that I am listed on the title deed as owner and I'm under 60
preclude my mother from applying for equity release (she's 66)?

I'd appreciate any thoughts on this

hi i would say that the only answer to ur question will be from the banks who are offering life loans. did your dad transfer his half of the house to you ? can you transfer your half to your mam or dad now that the mortgage is cleared ? i know between parents and children the inheritance tax limit is in excess of 500k ( double check that is from me memory )i guess it works children to parents- so unless the value of the house is in excess of 2 million ( 2 million- 1million urs and 1 million ur mams - transfer 500k to ur dad and 500k to ur mam )there shouldnt be any tax payable . you would still need to report it to the revenue .

how much is ur mam looking for ? life loans cant be repaid before both parents have passed away so seeing as ur mam is still quite young and may be alive into her 80's/90's she will be building up interest on the loan and eating into your inheritance . 20 yrs of interest on interest is a lot esp if ur mam is looking for a good portion of the equity to be released

oh sorry i meant to say im not sure if the inheritace works that way so prob best looking at the revenue website or giving them a call urself