BoardsieKKV
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The perfect solution potentially.Look up Seniors Money.
Could work in his circumstances.
There were issues on such type of loans in the Uk. You may have to pay back after 10 years, or going into residential care or long turn care. Some people lived longer than expected and were forced to sell their home.
Would you not try to get a loan yourself and repay it?
Would he need to?How does he plan to repay the loan?
Will a CU give out an indefinite interest-only loan on that basis?Would he need to?
Paying 5.5% on €30k for life is €31 a week. It's not a small amount of his state pension but not crippling either and the quality-of-life improvement may be worth it.
Children could also help out here. No tax implications as amounts are small and they wouldn't see any reduction in their inheritance.
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