Any options to move mother closer?

sghughes42

Main concern about renting privately is lack of security long-term and also long-term viability of funding. Once the equity is burned she is reliant on pension income to pay the rent which could well end up leaving her short at the end of the month.

Hopefully by the time that happens my sister and I will be in a better position to help but you never know what might happen in the future...

Mojisola

sghughes42 wrote: »

Main concern about renting privately is lack of security long-term and also long-term viability of funding. Once the equity is burned she is reliant on pension income to pay the rent which could well end up leaving her short at the end of the month.

Why wouldn't she claim Housing Benefit to pay the rent?

fairy_lights

What about shared ownership?
http://www.rightmove.co.uk/property-for-sale/property-53581772.html

sghughes42

fairy_lights wrote: »

What about shared ownership?

It doesn't specify on that listing but a similar one was asking for around £600 per month for rental on the remainder of the value. That sort of figure makes it work out worse than renting in this case, if something more suitable was available then it might be an option.

sghughes42

Mojisola wrote: »

Why wouldn't she claim Housing Benefit to pay the rent?

Isn't the amount of housing benefit that can be claimed quite limited and therefore unlikely to cover the full rental value? Also no guarantee it will still be available that far in the future or that it will cover enough of the rent for her to be able to afford to make up the difference.

We are trying to balance being able to move her somewhere better with her not being out on the streets in 10 years time because she can't afford what she has moved to.

xylophone

https://abbeyfield.com/?gclid=CIaT2Ymkh80CFawy0wod9LoNkg

Perhaps she could sell the house and use the cash and pensions to finance living in an Abbeyfield house?

https://abbeyfield.com/living-with-abbeyfield/our-homes/

xylophone

http://www.housingcare.org/sheltered-housing/area-1-shropshire.aspx

Some more above.

luvchocolate

Def try the housing associations in the area, she will have a good reason to be near family to get support from either of you, rent is reasonable and secure, but could be a wait, I have been waiting 2 years.

TBagpuss

I'd suggest that you start by looking into shared ownership and housing association properties in your area.

Also look at prices for ground floor flats and maisonettes, bungalows tend to be comparatively expensive, so if she would be willing to consider a ground floor flat or maisonette that might be more affordable.

She could also talk to an independent mortgage advisor. I am not sure whether an equity release mortgage would be an option (e.g. sell the house, buy a new one with the equity plus an equity release mortgage?)

nkkingston

She should also have the place valued to start with to find out what it's actually worth. "Real coal fire" could be spun as a period property feature that someone out there would just fall in love with. The mining is a problem for surveys, but most of Cornwall is riddled with mines and people are more than happy to stump up for a house there.