-
Advice needed please re Tenants in common
When my husband and I bought our bungalow in 2015 when we were 65 and 66, we bought it as tenants-in-common, just so that our son could inherit one half without waiting for both of us to die. We both made wills leaving him our half in a trust, so that when the first one dies, their share is put in a trust to benefit our…
-
Increased interest rates
Is it a good time to draw down the remainder of our plan taking account of potential BoE rates rising?
-
Is this a mad idea ?
I’m 56 and live in a 3rd floor tenement flat worth approximately £250k. Love my flat, though soundproofing not great Considering selling my flat and renting. Calculated that the proceeds would allow me to rent a property for £800 p/month for 26 years.
-
Elderly neighbour now wants to pay me for helping her...
(If this is the wrong section can a mod move it!) I have been going into an elderly neighbour for some time now (and to be fair with the last 12 months and Covid she would have seen very few people if I hadn’t been going daily). I was the person who liaised with social services over the years to get carer cover (last 6…
-
Is ER a good option for us ?
My husband and I are both 60 and own a property worth around £250k. We have £66k outstanding on our mortgage which has 5 years to run.I have a chronic health condition and have been unable to work for the past two years which has halfed our joint income and this has been further reduced due to covid restrictions impacting…
-
To Sell House or use council Deferral Scheme
Which is considered in the dementia patients' best interest? Mum is in a care home and we are just entering the 12 week disregard and I have asked for the deferral scheme but on the paperwork, it says we should seek financial advice that we are acting in Mum's best interest financially. If we keep the house it will…
-
Complaint against cleaning company Help!
Hi Looking for advice Hired a cleaning company to clean my Fathers house after he passed away in May so that it could be put up for sale. Paid £271 to company for a deep clean plus extras. Cleaning was abismal if they did any that is . Kitchen cupboards the cleaned only the shelves you could see, no skirting boards done…
-
Dormant Account Reclaim Fund General Info
Hi I'm currently trying to prevent the Halifax from closing down my (declared dormant) account and sending it to the reclaim fund. I hope I'm going to be able to prevent this happening so I'm not looking for advice in this respect. However, I wonder if anyone knows what actually happens when the Halifax does this to…
-
Pension Credit Lifetime Mortgage
Not using money received personally but to help daughter. Will it affect P Credit ?
-
Dvla scam site
I have recently (12 days ago) fallen foul of a site which I though was Dvla applying for my mothers over 70 driving licence. I have emailed to reclaim the fee they have offered £16 refund. I have declined starting their site was not clear on their pricing and am waiting to hear back. I feel the answer is still going to be…
-
Relocating after Retirement - pros and cons - has it worked out for you?
Hi everybody Myself and my husband are in our 60's and I retired in 2019 to join him in retirement. We had about 9 months of retirement before Covid. Previous to Covid we thought we would relocate in a few years but like a lot of people re-evaluating their lives during the pandemic are thinking about doing it now rather…
-
New glasses
Big difference in prices between boots and spec savers. Are boots glasses quality are better than spec savers.? I wanted to regulate but was told it would be cheaper if I buy new frames. Need some specs with decent varifocals. Thanks
-
Discounts for over 50s/60s
Hi all I have had a quick look to see if this has been posted before but cannot find it. Apologies if it has. I went into my local Boots today and picked up a Healthclub and more leaflet, which when you register is giving up to £100 in money off vouchers to everyone, but if you are over 60 you can get a 10% discount on…
-
How much to spend/ how much to keep in case of care costs?
Following the interesting thread on how much to live on in retirement, I am thinking about the next stage. Retired already for 14 years and with a comfortable but not lavish pension income, we would only dip into savings for major expenditure, either in emergency or by choice, eg private medical treatment. We are currently…
-
Inheritance tax house value ?
when reporting the value of the estate for inheritance tax calculations and there is a house that falls within the gift with reservation rules, is it the value at the time the gift was made or when the gifter passed away?
-
Wills and Flexible Family Trust
My husband and I who are both in our mid 60’s, are in the process of moving and we are interested in setting up a Flexible Family Trust to avoid our home being sold to pay for care fees should we require them later on in life. Our family home and all our other assets are valued at around £500,000. Although successive…
-
Buying property in Mallorca 10 years before retiring
Hi all!.......I'm an antipodean being living in London for the last 25 years married and with children who are finishing off GSCE & A levels I'm approaching retirement date of early 60's at the most basically 10 years left probably. I have virtually paid off my mortgage now 12 months to go! Luckily thanks to my grandfather…
-
Keeping two health policies going
Hello I couldn't find a health insurance section, so if this is wrong, feel free to move please :smile: I had very serious cancer when in my 20s. I've been in remission for thirty years. I've had Bupa insurance since before my cancer bout, but didn't use Bupa for any of the cancer treatments. I've just been offered…
-
Is there a 'good' way to release home equity
I have a distant relative who is retired and living in his mortgage free property. He's not broke but could be enjoying his retirement more with an increased disposable income - couldn't we all! He has no close relatives and as far as anyone can tell is planning on leaving his (£400K plus) property to charity. He insists…
-
Invest house sale proceeds for care
Elderly relatives 96 and 91 sold house, need to make as much interest as possible to help fund shortfall in current fees, but still keep money accessible in case one dies and the other may need care home for fees top up
