I have yet to take up to date professional advice but will do so. My past recollections of these products were terrible as many went into negative equity but that has been ruled out nowadays. But only offering 50% of the value of the property and then 50% LTV on that figure gives the lender a very safe bet these days.
1 Like
A recipe for murder I would have thought. I also realise that our Donation Entre Epoux is just such also, as Franās kids inherit nothing 'till I expire. My own kids too of course, but they love me, I think. 
My mother took out an equity release loan about 9 years ago, in order to be able to give money to the grandchildren well in advance of her death so as to avoid them paying IHT.
We worked it out at the time as being pretty much a wash regarding the interest payments on the ER mortgage versus what would otherwise be due in IHT on her house, which is in a nice part of Surrey so worth a goodly number of quids.
Although sheās lived longer than might have been expected (currently 99 and still going!), the sums still add up, and the balance of what she borrowed is available immediately if she needs to go into a care home or have someone come in to help her with washing and dressing etc in the final stages.
About 4-5 years ago we swapped the original equity release loan for a new one with an interest rate almost half the original one, so I think it was on balance still a reasonable thing to do.
You do need to weigh it up carefully and take professional advice of course.
2 Likes
Of course a viager type arrangement would be a better investment in the UK simply because property is a commodity there and prices are expected to increase significantly over the years.
governments come and go. Too true, demonstrated by what happened yesterday !
Prime Ministerās gone actuallyā¦ not the governmentā¦ 
1 Like
Given that the Government of the French Republic is composed of the Prime Minister who is the head of the government and the ministers, we need a new PM and presumably a new set of ministers, which at this point we donāt have.
1 Like
yes, apologiesā¦ I see what you mean 
1 Like
Sorry Stella, I think I came over a bit bossy there !
1 Like
nahā¦ weāre all doing the best we canā¦ I blame the weather for my daftness/pottiness/whatever
I blame that Macron allocution.
Surely not, I havenāt met a single bossy person in the whole of my time here. 
2 Likes
I keep reading the thread title as āViagra arrangementā, itās like tripping over a paving stone as I browse the forum. 
2 Likes
I have a similar problem with the chicken chat thread, which I always think is going to be about Indian cuisine.
3 Likes
Perhaps you should ask @cat to set up a chaat roomā¦
3 Likes
I think its pretty good that you are still thinking about sex and food
3 Likes
Yes and Iāve got all my own teeth as wellā¦
5 Likes
Hate you!
1 Like
thinking is fair enoughā¦
Iāve actually got someone for you to meet as and when you make it over here for the next SF Normandy meet upā¦