Markjbloggs
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Apologies if this is not the correct forum - are there financial institutions that offer home equity loans with repayment based on the future sale of the home?
ClubMan said:SHIP/BoI LifeLoans/Residential Reversion type products are the only thing that I can think of but these are normally pitched at elderly home owners (asset rich/cash poor) who might want to release equity in their home at the cost of the lender taking an owning interest in the property which is liquidated when the house is eventually sold (often when the elderly owner dies or sells up to move, downsize, enter residential care etc.). See this Indo article (free registration required) and this AAM thread for more on these products. Is this an academic query or in relation to some actual real situation?
ClubMan said:Is the €2M property owned outright?
ClubMan said:Can you not expedite matters and maybe trade down now rather than later?