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Equity release
- Thread starter lazerblue
- Start date
Millwallawayveteran1988
Well-Known Member
- Joined
- 23 Sep 2010
- Messages
- 37,083
They are not as bad as they used to be as lots of options now, including just borrowing some money and paying interest on the amount you borrow so the debt doesn’t ramp up. I’m no expert on these but for some people it could be a good idea. If you are single for example with no kids then why leave your property to your long lost nephew who hasn’t seen you for 15 years. Suits some people but won’t be for everyone.Anyone who does this has chocolate pudding for brains or is too far up shit creek to have any other course of action.
Don`t do it dont be an idiot.
Anyone who does this has chocolate pudding for brains or is too far up shit creek to have any other course of action.
Don`t do it dont be an idiot.
If you where single and had no kids , I know it’s not the greatest product , why not ( just asking ) ?
I never said I was an IFA, have you got chocolate pudding for brains?If your an IFA how much do you make per £1000 borrowed through one of these Equity release schemes.
I have seriously considered it, due to my circumstances, I look after/live with my elderly blind mother & the thoughts of moving/downsizing fill me with dread, I cant get at my private pension for another 4 years (state pension 5 years) & I cant really go out to work full time due to looking after mum (done over 40 years self employed builder) so at the moment I am trying to buy & sell to survive,
Not really sure what to do because all our money is tied up in the house, banks are a waste of time & I dont really want to go down the equity release route but it is very tempting.
Not really sure what to do because all our money is tied up in the house, banks are a waste of time & I dont really want to go down the equity release route but it is very tempting.
DunfermlineBlue
Well-Known Member
- Joined
- 9 Mar 2022
- Messages
- 578
- Team supported
- Man City
Depends what he’s going to do with the money.Anyone who does this has chocolate pudding for brains or is too far up shit creek to have any other course of action.
Don`t do it dont be an idiot.
r.soleofsalford
Well-Known Member
I never said I was an IFA, have you got chocolate pudding for brains?
If you have another look I answered yours and Brooklands Blue who said he was a IFA.
FFS, no wonder you would consider it. 8-)
r.soleofsalford
Well-Known Member
Depends what he’s going to do with the money.
Or if he likes having his trousers pulled down
Last edited:
Gareth Barry Conlon
Well-Known Member
- Joined
- 5 Sep 2014
- Messages
- 13,880
You need to get some help for your mum. You've clearly done a great job looking after her up to now but if you end up skint then its not going to help. Sure someone could help with who to speak to at the council etc. I'm guessing you are not yet 60 and I think you need to get your mum in a home and work a few more years until your pension kicks in.I have seriously considered it, due to my circumstances, I look after/live with my elderly blind mother & the thoughts of moving/downsizing fill me with dread, I cant get at my private pension for another 4 years (state pension 5 years) & I cant really go out to work full time due to looking after mum (done over 40 years self employed builder) so at the moment I am trying to buy & sell to survive,
Not really sure what to do because all our money is tied up in the house, banks are a waste of time & I dont really want to go down the equity release route but it is very tempting.
r.soleofsalford
Well-Known Member
If you where single and had no kids , I know it’s not the greatest product , why not ( just asking ) ?
It might be convenient for someone who has noone to leave the property to. EG no kids, no wife etc. But these fucking parasites agents are taking the piss.
Ask what SWP`s back thinks