Mum needs help. Is annuity best option?

af1963

Regarding PoA. I don’t think so. She is completely with it,

That's the time to do it. If it gets to the stage that she isn't, it will be too late.  It can be set up but not activated until needed.

xylophone

Regarding PoA. I don’t think so. She is completely with it, just head in the sand when it comes to money.

That is just the point - you put it in place when you are compos mentis just in case there comes a time when you want your Attorney (s) to take over your affairs or your mental state is such that needs must.

https://www.gov.uk/power-of-attorney

It can be used as soon as it’s registered, with your permission.

Superdude0499

Yes. I appreciate that. Both my wife and I already have this in place. But it’s not the same as asking yer mum for control of her finances should she go barmy. She is youngest of seven. All going strong, oldest is 90. 

Joking aside it is something that we may broach in future. 

Regarding my brother buying us out. No chance. Unless his crypto skyrockets!

xylophone

Have a look at the equity release link in my previous.

Do you think that your mother would be interested?

If not, and she won't sell up and downsize, she is just going to have to cut her coat according to her cloth?

I suppose that your brother and his partner are not in a position to obtain a mortgage to  buy into the property?

https://www.onlinemoneyadvisor.co.uk/property/buying-from-family/#:~:text=Yes, of course you can,a property below market value.

It could produce a lump sum to purchase an annuity?