Homewise query

waribai

Thanks for all the replies. Yes, I think strictly speaking they didn't lie to her. Giving them her money would reduce the inheritance tax. As you say though, she can just keep her money and give it to whoever she wants.She's 73 and in reasonably good health. I think she has looked at the fine print more carefully and realises that this is in no way, shape or form something she should be doing. I think that it was just the initial sales patter on the phone when she was a bit lonely which got her thinking. 

AskAsk

homewise works for people who have no savings or not enough money to buy the property themselves.  it releases equity to allow the customer to have a lifestyle in their later years.  it is by no means value for money as homewise make a big profit from the transaction.  it is better than equity release schemes where you sell them your house and rent back from them.