What will become of your house when The Time Comes? The costs of any equity release scheme you enter into will, in effect, be born by whoever gets the house after your death, so if the scheme is a needlessly expensive one it's them, more than you, who is ripped off.We have no one to leave our house to
, I wouldn’t touch equity release with a forty foot barge pole.
What are our options?
It could be a very apt solution in this or many other situations. A couple who want/need cash and don't need to leave their fully owned property to anybody when they die. A lifetime loan could be a perfectly appropriate way to release equity depending on the terms of such a loan.Hi Christine, I wouldn’t touch equity release with a forty foot barge pole.
I agree. A lot of questions get asked here on Askaboutmoney that really need a more comprehensive view of the questioners' overall financial and personal situations to answer properly.you probably will get more advice if you complete a Money Makeover on this forum.
What kind of financial advisor?I talked to a financial advisor
They sold me an endowment mortgage in the late 1990s, all the rage then.I talked to an advisor in Irish Mortgage Corporation, I had seen a section on their website. They walked me through all refinance options.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?