Good Morning! My Mother who has been in a Care Home for 1 year and she has sold her lovely bungalow which was our family home for 60 years.
I have Power of Attorney along with my 2 Sisters. Mum's savings have all disappeared for the care home fees, so the money from the sale of her bungalow has started being used. We realise we will have to invest a large amount for her future and the safest investment is property.
Can anybody advise whether we are able to purchase a smaller property in her name which she can rent out?
Thank you for your time, any reply would be very helpful, thank you.
I have Power of Attorney along with my 2 Sisters. Mum's savings have all disappeared for the care home fees, so the money from the sale of her bungalow has started being used. We realise we will have to invest a large amount for her future and the safest investment is property.
Can anybody advise whether we are able to purchase a smaller property in her name which she can rent out?
Thank you for your time, any reply would be very helpful, thank you.
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