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Equity release for rental properties
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darcmarc
Posts: 3 Newbie
Hi all
My mum is in a care home, she's renting out her house.
I've tried to find out about equity release as she needs to get her hands on a bit of cash without selling the house and forfeiting her rental income (with the worldwide economic recovery just around the corner it's worth hanging onto the house - it's sure to rocket in value very soon).
The people I've talked to won't do it unless she's actually living in the property. Anyone know if this is an industry-wide rule? Are there companies that will consider it?
Ta
My mum is in a care home, she's renting out her house.
I've tried to find out about equity release as she needs to get her hands on a bit of cash without selling the house and forfeiting her rental income (with the worldwide economic recovery just around the corner it's worth hanging onto the house - it's sure to rocket in value very soon).
The people I've talked to won't do it unless she's actually living in the property. Anyone know if this is an industry-wide rule? Are there companies that will consider it?
Ta
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SavedHi all
My mum is in a care home, she's renting out her house.
I've tried to find out about equity release as she needs to get her hands on a bit of cash without selling the house and forfeiting her rental income (with the worldwide economic recovery just around the corner it's worth hanging onto the house - it's sure to rocket in value very soon).
The people I've talked to won't do it unless she's actually living in the property. Anyone know if this is an industry-wide rule? Are there companies that will consider it?
Ta
https://forums.moneysavingexpert.com/discussion/4042005Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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