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equity release poser

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equity release poser


i have 2 houses,1 with the missus which has no equity,and 1 my dad lives in with about 40,000 in equity.i cannot borrow anymore because i dont earn enough.QUESTION is how can i get my hands on or part of the 40k.

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  • doitmyself
    doitmyself Posts: 1,042 Forumite
    bigjluk wrote: »
    equity release poser


    i have 2 houses,1 with the missus which has no equity,and 1 my dad lives in with about 40,000 in equity.i cannot borrow anymore because i dont earn enough.QUESTION is how can i get my hands on or part of the 40k.

    There's any number of 'funny' responses to this question! Sounds like you're desperate (can't borrow any more). Leave dad alone, if he has equity as you say he's presumably still paying the mortgage. Leave him and his equity alone, at least for now and find another way yourself to raise the money you obviously want.
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    bigjluk wrote: »
    equity release poser


    i have 2 houses,1 with the missus which has no equity,and 1 my dad lives in with about 40,000 in equity.i cannot borrow anymore because i dont earn enough.QUESTION is how can i get my hands on or part of the 40k.

    Who owns the property that your dad lives in?

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • bigjluk
    bigjluk Posts: 178 Forumite
    i own the house,i pay the mortgage
  • bigjluk
    bigjluk Posts: 178 Forumite
    i own the house,i pay the mortgage
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