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How best to help elderly parent move
5quirrel
Posts: 1 Newbie
We need to move an elderly (82) parent closer to us. Her home is worth around 200K. A suitable home near us will cost 300K. Could we remortgage our home to raise the 100K shortfall and we would then jointly own her property? Could we try to get a second mortgage on a new property which she could then pay us rent for from her house sale which would go towards mortgage repayments? Any other suggestions of how what might work? Thanks
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Comments
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Read this to the end, it looks as if HSBC will be a possibility
https://forums.moneysavingexpert.com/discussion/54496420
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