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Advice please re motgage for a 78 year old

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Comments

  • The_J
    The_J Posts: 1,250 Forumite
    How long is she going to live for? Equity release or selling seems to be the only option as she cannot afford a mortgage.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If your mother is accumulating unsecured debt. Then I assume her income is sufficient to maintain her standard of living.

    Downsize and release some equity to enable her to enjoy her retirement years before any stress and worry.
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