Have been paying for care for my 2 elderly and very dependent parents (80's plus and limited income, HSE care not enough) for a while and money is running out. €1,600 net per month. Due to my own personal circumstances am unable to borrow . Same situation applies to siblings.
Know government is looking at this issue but 2020 is the earliest they are promising so not holding out hope for this.
So was wondering about equity release schemes. Know there's a lot of downsides but not worried about inheritance. Are there any companies currently doing these? Can't find any online. Seniors Money seems to be main one but they are closed to new applications.
Thanks for any help you can give.
Know government is looking at this issue but 2020 is the earliest they are promising so not holding out hope for this.
So was wondering about equity release schemes. Know there's a lot of downsides but not worried about inheritance. Are there any companies currently doing these? Can't find any online. Seniors Money seems to be main one but they are closed to new applications.
Thanks for any help you can give.