Re: Equity release
It is not something to take lightly. The `git` yes you guessed,took out a `shared appreciation mortgage`-I told you he was a loony. But things have moved on. Look at all the options and think. Could `downsizing` be an option?-you might get a few quid and still own a property. I will not pry but things like your age and personal circumstances will clearly be factors.Re: Equity release
A couple of quick enquires with Internet calculation websites shows that we could obtain £40,000 to £50,000 on a house valued at £200,000; but I'm certainly not going into it without a lot of checking and homework firstRe: Equity release
Re: Equity release
Re: Equity release
Something to think about is can you stay there for ever, there was a case in our local paper of couple who took this option but after one died the other wanted to downsize, the mess created by it all ended any hope of doing that for him and he seemed to very much regret the earlier choice.Re: Equity release
https://en.wikipedia.org/wiki/Shared...ation_mortgageRe: Equity release
Perhaps I shouldn't say too much, or as my Mum used to say; don't tell the Devil your secrets, but here goes anyway
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