24-07-15, 01:25 PM
Glad its all sorted.
My dad was cajoled into an "Equity Release" scheme and signed away half the value of his house. I clearly remember him being so proud when he told me and showed me the contract.
The bastards had carefully worded it along the lines of............
" You will receive every year the sum of £ 3600 paid monthly "
He was heartbroken when I explained the actual deal to him. My brother and I tried to cancel but were too late. The salesman had even added a note on Dad's Fact find to say he had discussed it with his sons who were both in agreement. Lying bastard.
On the plus side your Dad's money was safe, though tied up for 3 years.
Have a look at the NSI pensioner bonds. Good interest rates and a one or three year term.
My dad was cajoled into an "Equity Release" scheme and signed away half the value of his house. I clearly remember him being so proud when he told me and showed me the contract.
The bastards had carefully worded it along the lines of............
" You will receive every year the sum of £ 3600 paid monthly "
He was heartbroken when I explained the actual deal to him. My brother and I tried to cancel but were too late. The salesman had even added a note on Dad's Fact find to say he had discussed it with his sons who were both in agreement. Lying bastard.
On the plus side your Dad's money was safe, though tied up for 3 years.
Have a look at the NSI pensioner bonds. Good interest rates and a one or three year term.
I used to not give a foc, then I discovered Red Bull and now I don't give a flying foc !!!