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equity release on a 50% share of a house

JessieP98

JessieP98 Posts: 1 Newbie

6 January at 11:12AM in Deaths, funerals & probate

My mother owns 50% of her house as a tenant in common with her long term partner. She is elderly and wants to go to a residential home but doesn't have the ready cash to pay for this for very long. Her partner is resistant to selling the house but would she be able to raise money now on her share of the house?

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Comments

elsien Posts: 35,479 Forumite

6 January at 12:01PM

Theoretically it’s possible if her partner agrees. She couldn’t do it without his consent.
https://sovereignboss.co.uk/tenants-in-common-and-equity-release/#:~:text=Under%20the%20Tenants%20in%20Common,release%20more%20than%20their%20share.

All shall be well, and all shall be well, and all manner of things shall be well.

Pedant alert - it's could have, not could of.

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