DD on low income topped up a bit with benefits and is living in a rented property. She comfortably pays the rent of approx £600pm. We could afford to give her a deposit for a small house - say around 40%. Could we finance the rest by borrowing against our home? (Don't want to do Equity Release as it sounds dreadful.) Thinking if we borrowed against our own home, DD could afford to pay us rent (for the amount we'd borrowed). Then when we pop our clogs it'd be hers anyway? Anyone know or done similar? As we're 70 I'm guessing they wouldn't lend to us, other than Equity Release schemes?
Dreading being alone again - feeling bereft
He tells me to stop trying to control him - AIBU to worry?
Getting older - accommodation options? - would love advice