Balloon Payment

Romans53

thanks again guys.

myself getting a mortgage, whatever the outcome in the end, isn't an option.
for me it's not an investment I want to make.

in the end, all I want if it's possible is for my mum to live there until she dies or goes into care. my sister or I aren't interested in the house.

dimbo61

My Dad has lived in over 55,s rented apartment close to the town centre for the last 10 years and loves it.
Does Mum get a "Works pension" each month ?
Does she get the state pension each month ?
He is part of a community and has no house maintenance issues to worry about

amnblog

Mum can.


1. Sell and move.
2. Get equity release and make up the shortfall with a loan
3. Get equity release and get someone else to get a loan and gift it to her


If mum owes £39K and the property is worthy £90K there are 51,000 reasons for the beneficiaries to be a little more helpful.