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charco
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I don't have much advice to offer here, other than to say its probably best if your parents have a chat with a mortgage broker. He/she will be able to give them a sense of what type of product might be available for 'later life' borrowing and how much they could get. It's all about affordability.1
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@Deleted_User has obtained mortgages for older clients and those in retirement.
@haras_n0sirrah is a shared ownership broker.
There are some little hidden gems looking outside the cities, tell them not to rule out a flat either.
I recently purchased a fantastic 2 bed flat, with private garden, great views and very good public transport links; it's not ex-authority.Mortgage started 2020, aiming to clear 31/12/2029.1
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