• Using a Power of Attorney to raise funds for an elderly relative

  • Jan 11 2023
  • Length: 27 mins
  • Podcast

Using a Power of Attorney to raise funds for an elderly relative

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  • Summary

  • In this episode Steve tells us how he used the Power of Attorney his Aunty had in place to raise funds for his elderly Aunty to continue to receive care in her home. Ocean Mortgages Ltd (FCA number 841683) are authorised and regulated by the Financial Conduct Authority. Registered in England, Reg No: 108221. Ocean Equity Release is a Trading name of Ocean Mortgages Ltd. A lifetime mortgage may impact your entitlement to means-tested benefits and the inheritance you may leave. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. Only if you choose to proceed with an application will Ocean Mortgages Ltd charge a fee, usually payable on completion. Our adviser will talk you through this and the setting up costs before you make any decision to proceed. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. This podcast is purely for entertainment purposes and does not constitute advice. Please contact us if you do require advice.
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