Yes, correct. I've attached the product factsheet from 2012.If I remember correctly, Seniors Money mortgages were variable rate loans and not fixed rate loans.
If you ask me this is all pretty stupid when we are talking about a 500k house, sell it, buy an apartment suitable for elder needs and pay back the loan. I suppose the mother is in a large four bed unsuitable to her needs, costly to repair, astronomical to heat and a constant worry. A brand new one bed, brings down worries, and costs, so she can live better.
And incorrect I assume.Disparaging and assumptive. Thanks for your input.
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