I hope you can help. My Mum is approaching 70, is no longer with my Father and has not got a huge amount of money (mainly just her small house). She’s not spoken at length about what she plans to do in the future, because at some point soon she is going to run out of money and will have to sell the house just to have money to live. What are the best accommodation options for you when you get to your 60s/70s? She wants to live independently (and can) for as long as possible but has raised the idea of us creating our summer house into a granny annexe which isn’t impossible, but probably not ideal (it’s v small) although it may allow her to help with childcare.
Are retirement communities reasonably priced? Are there any options I’m not aware of? We live in North Surrey so not that cheap... there are a lot of “over 60 lease to buy” type properties for sale?
I’d love anyone’s advice.
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