Your personal finance questions – Is it a good idea for my mother to take out an equity release loan?

Your personal finance questions – Is it a good idea for my mother to take out an equity release loan?

Posted on 16Jun

Your personal finance questions – Is it a good idea for my mother to take out an equity release loan?

by MyMortgagesCategories Uncategorised

Plus, getting a mortgage after a divorce, and providing a PPS number to Revolut

Q My mother is in her late 60s and just announced she is taking out a ‘reverse mortgage’ on her home. She has never been particularly good with money. She says there are no monthly repayments, and the interest rate is 6.5pc. Is she being taken advantage of? How will this impact my future inheritance?

Read the full article here: https://www.independent.ie/business/personal-finance/your-personal-finance-questions-is-it-a-good-idea-for-my-mother-to-take-out-an-equity-release-loan/a302562723.html


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