Quote:
Originally Posted by Tarryn
I just read about this. It's awful.
My Mum's house is worth 130 thousand & it's her only asset, she has no savings & it has taken her 27 years to pay it off. My sister is in her late thirties & lives with her but cannot work due to long term illness. What would happen to her?. I'm really worried. Would she be made homeless ?.
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Not sure what would happen in that instance, if it comes into force it might be worth putting a life time tenancy in place for your aunt.. so they can't sell it in her lifetime? under the proposed rules, your Mum would be entitled to keep 100,000 but I don't know how they would get the 30,000 owed apart from selling later on..