My elderly parents have both lived in the same council house in the midlands since the early seventies.
My mother needs a stairlift and there is no movement from the council about fitting one.
I am considering lending my parents the money to take advantage of the new ruling on right to buy.
I would guess that they have already paid for the house many times.
Were one of my parents or both, to need residential care, would the cost of the care be taken from my investment in the form of a charge.
How can this be avoided or rather my investment protected.
My solicitor suggests the money is used as a loan to my parents, but who trusts a solicitor these days.
My parents do not want to be pushed around into a small bungalow. It seems sensible to buy the house.
Any ideas?
