I'm looking for some advice for my MIL. We are going to CAB but wondered if anyone knew what options are avaliable for her or if anyone has been in a similar situations.
She was taken into hospital with pnumonia and now wants to give up work. Shes 66 and gets her pension. She'll be £300 worse off not working per month but we hear she could recieve pension credits.
Her house is worth around 150k she owes 12k and pays £74 a month mortgage but took out a 2k loan which puts monthly repayments to £160 pm.
Now her son is preassurising her to sell her house and downsize in order for him to get her inheritence early. 2 days after she came out of hospital he dragged her out to view a house which she hated! (Talk about jumping the gun!) she came home and cried she said she didnt feel this low even after 2 divorces. She doesn't want to move.
The problem is, how can she stay in the house? Can she release the equity because she owes such a small amount meaning that when she dies they take the 12k back?
I just don't see how moving is the best option, the physical and mentalmstress is no good, not to mention solicitors and movng fees.
Brother in law didn't like his mums reaction to the house yesterday and has now told me "we need to put the preassure on her to sell the house and rent somewhere" i couldn't believe what i was hearing! He's not thinking about what his mum wants at all. My feeling is we need to explore ALL options for her to stay whe she is, hapoy and in an are she knows.
I'm counting on you members to be abke to share some advice or experience on this issue. I want whats best for my MIL not my BIL.
She was taken into hospital with pnumonia and now wants to give up work. Shes 66 and gets her pension. She'll be £300 worse off not working per month but we hear she could recieve pension credits.
Her house is worth around 150k she owes 12k and pays £74 a month mortgage but took out a 2k loan which puts monthly repayments to £160 pm.
Now her son is preassurising her to sell her house and downsize in order for him to get her inheritence early. 2 days after she came out of hospital he dragged her out to view a house which she hated! (Talk about jumping the gun!) she came home and cried she said she didnt feel this low even after 2 divorces. She doesn't want to move.
The problem is, how can she stay in the house? Can she release the equity because she owes such a small amount meaning that when she dies they take the 12k back?
I just don't see how moving is the best option, the physical and mentalmstress is no good, not to mention solicitors and movng fees.
Brother in law didn't like his mums reaction to the house yesterday and has now told me "we need to put the preassure on her to sell the house and rent somewhere" i couldn't believe what i was hearing! He's not thinking about what his mum wants at all. My feeling is we need to explore ALL options for her to stay whe she is, hapoy and in an are she knows.
I'm counting on you members to be abke to share some advice or experience on this issue. I want whats best for my MIL not my BIL.