The Mudcat Café TM
Thread #105877   Message #2182722
Posted By: jacqui.c
30-Oct-07 - 01:04 PM
Thread Name: BS: Reverse mortgages UK - advice please
Subject: RE: BS: Reverse mortgages UK - advice please
The thinking is that if they leave things as they are most of the value of the house is going to be used up in paying for care home charges so it aint going to benefit either them or their family in the long run.

Taking a lump sum would allow them to visit family in the USA, buy a more suitable car and maybe just have enough to enjoy themselves before they get too old or infirm.

Thanks for the advice, anyway.