Parents in 70's want to borrow £25k
Both my parents are in their 70's with standard state pensions. They own a property which they live in mortgage free worth around £300k.
My Dad needs a medical procedure and cannot wait for the NHS and is going private.
He has asked me what his options are to raise around £25k to do this, the only stipulation was NOT an equity release.
So I'm guessing either a loan or mortgage secured against their property is my guess, but I'm after advice from people more knowledgeable than myself.