Estate Agents In York

Friday, April 12, 2019

Forced out of family home as equity release company makes a killing

Daughter is given one month to pack up and go after mother dies

When June died at the age of 98 a few weeks ago, it was a painful time for her bereaved daughter, Rosemary. She had moved in eight years earlier to care for her mother, and now had to arrange the funeral, as well as sort out all the paperwork such as the will and death certificates.

What she didn’t reckon on was a repossession demand from an equity release company to clear the house of everything and get out within four weeks. Much is written about the rise of equity release – sales are booming – but very little about what happens on death.

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from Property | The Guardian http://bit.ly/2GatgPD
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