Advice on using selling my Mum's house in 2-3 years and what to do after

missbiggles1

If her money won't run to buying a bungalow, a ground floor flat (or one in a building with a lift) could be a viable alternative.

krazyk

Pixie5740,

Yes ideally we'd like to sell the house in 2-3 years (well it will need to be going by the current mortgage deal, which has already been extended several times geniously).

We certainly need to ask the question whether they will give her another mortgage though. So will ask. If not then it's definitely renting. I don't think renting, for her, is too bad an option, at least for budgeting but I think she'd like to continue to own her own house. It's also an investment after all. And like you say, she might need to move again if renting.

We've been investigating houses for her for a while, not too much though but are trying to find a house ideal for her for her current state (so requires no amendments). There seems to be plenty out there so I think we have options available.

krazyk

xylophone,

Yeah sheltered housing it probably the ideal. We've looked into this and seem about the right level of housing/care combination. She doesn't need to go as far as a warden assisted house as she is still fairly independent. But a communal area would be good. She does have homecare each morning, which is just about the right amount of care for now. So she is looking for a small one floor place with perhaps a communal area inside and garden so she can stay in her own place or has the option to go down to chat to others in the communal area.

krazyk

missbiggles1,

Yeah I think either would be fine. So long as a lift is there she'll be OK. I think she would prefer a ground-based hose if possible but it's not a must-have.

sleepless_saver

Has she checked if she is currently entitled to pension credit? If she is already getting that, she could check that it includes help with the mortgage. The Pension Service 0800 99 1234 would do this for her. Any award might need to be reassessed after she sells the house.

(There is no upper capital limit for pension credit - anything under £10k is ignored, and above that the assumed income from capital is added on to other income to work out eligibility.)

krazyk

sleepless saver,

She receives a *tiny* pension credit already, it's silly figure like 10p, which they have to do so they can then pay her mortgage but they don't pay the full mortgage each month and only the interest bit. It helps a lot but will never pay off the mortgage sadly.