Help appreciated!
I have read some recent threads on this subject but am still unsure of my options.
Basic situation is;
Folks own house worth Eur750k but have very little pension in addition to the state benefits. Trading down is not a runner. Need to increase their monthly cash flow.
5 siblings including me, all with mortgages etc.
Could we take out some sort of interets only mortgage against their house and we will look after the repayments? We're looking for circa Eur 150k?
I'm trying to avoid BOI Lifeloan or SHIP if at all possible as they are penalising.
Any other alternatives??
Many thanks,
I have read some recent threads on this subject but am still unsure of my options.
Basic situation is;
Folks own house worth Eur750k but have very little pension in addition to the state benefits. Trading down is not a runner. Need to increase their monthly cash flow.
5 siblings including me, all with mortgages etc.
Could we take out some sort of interets only mortgage against their house and we will look after the repayments? We're looking for circa Eur 150k?
I'm trying to avoid BOI Lifeloan or SHIP if at all possible as they are penalising.
Any other alternatives??
Many thanks,
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