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Forum: Moving back or to the UK

Apr 25th 2016, 5:48 pm

Replies: 16

Retired Father Expat Moving Back to UK

Views: 2,223

Posted By Pulaski

Re: Retired Father Expat Moving Back to UK

But if you've bought for cash then you have 100% equity. Therefore the first question would have to be "Is there a minimum period for which you have to have owned it before a reverse mortgage could...

Forum: Moving back or to the UK

Apr 25th 2016, 5:09 pm

Replies: 16

Retired Father Expat Moving Back to UK

Views: 2,223

Posted By Pulaski

Re: Retired Father Expat Moving Back to UK

Er, you "corrected" me first. :o

I am happy to believe there are regional variations, and only reported what I hear being used, and which does not preclude you hearing something different.

Forum: Moving back or to the UK

Apr 25th 2016, 4:52 pm

Replies: 16

Retired Father Expat Moving Back to UK

Views: 2,223

Posted By Pulaski

Re: Retired Father Expat Moving Back to UK

What I have heard is "house rich, cash poor" (have "lots of house", but not much cash), which is why I suggested it.

Oh, and I live in the US too. :rolleyes:

ETA: Google <house rich cash poor>...

Forum: Moving back or to the UK

Apr 25th 2016, 4:21 pm

Replies: 16

Retired Father Expat Moving Back to UK

Views: 2,223

Posted By Pulaski

Re: Retired Father Expat Moving Back to UK

Under those circumstances, you should take a look at "reverse mortgages" then. They come with their own risks, and I am not a fan, but for some people under some circumstances they can make sense.
...

Forum: Moving back or to the UK

Apr 24th 2016, 4:33 am

Replies: 16

Retired Father Expat Moving Back to UK

Views: 2,223

Posted By Pulaski

Re: Retired Father Expat Moving Back to UK

Mortgages in the UK for people close to retirement was discussed on this thread (http://britishexpats.com/forum/moving-back-uk-61/need-some-positive-info-876054/#post11925333) (posts 8-23) a few days...

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