Best Options for Home Owner at 70
Ex Council House.
Income: State Pension
Savings: None to speak off.
Family: none
Maintenance & Repairs, I’m finding them very difficult now.
Options:
1. Could will it to some charity.
2. Equity Release.
3. Sell the house on condition that the buyer can only take possession of
it after I die but meantime they take the responsibility for it’s maintenance.
4. If option 3 was a possibility would it be the worse option, one reason being
that if I had to go into a nursing home, I would have no house asset to offset the cost against.
Any other options available in case I’m missing out on something.
cheers.
Ex Council House.
Income: State Pension
Savings: None to speak off.
Family: none
Maintenance & Repairs, I’m finding them very difficult now.
Options:
1. Could will it to some charity.
2. Equity Release.
3. Sell the house on condition that the buyer can only take possession of
it after I die but meantime they take the responsibility for it’s maintenance.
4. If option 3 was a possibility would it be the worse option, one reason being
that if I had to go into a nursing home, I would have no house asset to offset the cost against.
Any other options available in case I’m missing out on something.
cheers.