Raising Money from the Family Home
Common legal problems older people can avoid.
This information is current at February 2015
While the law regulates the way people are advised about loan products, older people are often tempted to enter into special loan arrangements, using their family home as equity, without fully understanding repayment requirements and how borrowing costs, such as fees and interest, are added to the loan balance. Find out more about what to consider before entering into any loan arrangement and what to do if things go wrong.