Bridging loan to help parents move in Scotlans

lifeofbry

Thanks for all the responses.

At the end of the day, I live in London, my parents in Scotland. My dad has part dementia and is in his 80s. I’m only trying to find a way that might let us sort out a new place first before they move in.

I’m aware of the challenges, fees etc. this may entail, but the question I’m trying to get find out is whether I’d be able to guarantor for them. I read a lot about parents doing it for kids, but not the other way.

[Deleted User]

A guarantor bridging loan, if such a thing exists, would be a specialised product. You'd be better engaging a broker who specialises in bridging loans than asking on an Internet forum.

Keep_pedalling

Is your ISA a flexible one? Flexible ISAs allow you to withdraw your saving without losing you tax free allowance provided you provided you get the money back in within the same financial year.

martindow

I too think you are making this over-complicated. What sorting out is needed - cleaning, painting, or ...?

If you can buy and sell simultaneously your parents could stay in a hotel for a day or two while you arrange a cleaning company and/or a decorator to do their thing or you go up and diy. Combine this with a full packing and unpacking service from a removal company.