Hi! My MIL is determined to stay in her home but she has no savings so we are thinking about whether equity release is an option.
I am worried because she lives in a little bungalow with non-standard construction but in a desirable area, so it would be difficult to mortgage but would be very attractive to a cash buyer. We had a couple of estate agent valuations but they are wildly different (£150K difference).
I wondered if anyone had any experience of the process of valuing a house for equity release, and in particular where the house was non-standard construction?
I am worried because she lives in a little bungalow with non-standard construction but in a desirable area, so it would be difficult to mortgage but would be very attractive to a cash buyer. We had a couple of estate agent valuations but they are wildly different (£150K difference).
I wondered if anyone had any experience of the process of valuing a house for equity release, and in particular where the house was non-standard construction?