@msolga,
Roger
My understanding is that (using the example of a 25% loan on the current value of the property I own) that the lender will then be entitled to 25% of the value of the property at the time of "redemption". (ie my demise!)
So obviously the company involved is being
super-choosey about which applicants for such a loan they are willing to oblige! In other words, to get this loan, you need to be in a situation where the increased value of your property, over time, is pretty much a
certainty. I think I'm in that situation, but they've made it clear that nothing happens until they've done thorough research into this potential investment, including an inspection of the property.