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Asset rich but cash poor
Fiddlers23
Posts: 1 Newbie
My sister owns two houses that her children live in with their families. She lives in a flat. Her health is poor and as she is seen as having property she pays all her cater costs from her state pension. Would equity release be a wise move to give her some money to fall back on?
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Does she charge the children rent?Fiddlers23 said:My sister owns two houses that her children live in with their families. She lives in a flat. Her health is poor and as she is seen as having property she pays all her cater costs from her state pension. Would equity release be a wise move to give her some money to fall back on?0 -
It doesn’t sound like it which is nuts.Grumpy_chap said:
Does she charge the children rent?Fiddlers23 said:My sister owns two houses that her children live in with their families. She lives in a flat. Her health is poor and as she is seen as having property she pays all her cater costs from her state pension. Would equity release be a wise move to give her some money to fall back on?0 -
Pmd the team to move to a more appropriate board as it’s currently been posted on expired discount codes.I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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