Selling two houses to buy one with elderly parent

holly_hobby

A qualified and regulated long term care adviser will give guidance, including consideration of purchasing an annuity arrangement from funds to fund care/act as a feeder account in the event Mum does need residential LTC provision.

Hope this helps

Holly

Fire_Fox

bingers wrote: »

Yes my partner and I have quite a bit of equity in our property so I would hope my lender would think it was a good risk. I will arrange an appointment to discuss it with them.

Yes I think legal advice is the way to go for both of us. Thank you for the advice about getting my mum to arrange her own appointments and go with someone else as I hadn't thought of that. I am keen that both mum and us are protected and that we do everything entirely above board.

I will go and do an advanced search and see what others have said on other threads

It's something we are addressing at present, I have a older relative (70+) with early dementia needing to do PoA and will at the very least. Doesn't run a car and lives in a little village, sibling is currently helping with driving and banking and two relatives know their PIN .... nothing untoward but you can see how it *could* look. Researching it is actually recommended not to be involved in the organising of the legal stuff, it's made me decide to get my affairs straight now (40+) as my parents did when still young (50+).

Hope it all works out and is straightforward.