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Secured loan for an 85yr old?

veggieblob · 2023-08-22 19:05:14

I'm hoping someone here can help my neighbour. We live in an over-55s development of flats and the windows are having to be replaced. His contribution will be £4500 and he just doesn't have the capital. His flat is worth about £160k. He wants to pay and has offered a payment scheme, which may or may not be accepted. He has…

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veggieblob Posts: 644 Forumite

24 August 2023 at 12:48PM

theoretica said:

Perhaps it would be worth speaking to a broker who knows about equity release/lifetime mortgages? Other companies may have different requirements and not find him too old.

Hopefully we've found one with LV but won't know for certain until next week.

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