The MIL is mid- 70’s, retired and owns her house outright.

Say its worth 300k, can she release an amount (eg. 50k) to help us out with a property purchase? if so, would this need repaying in a short period due to her age or do the bank assume the debt will be paid off by sale of the house and not worry about repayments because of her age?

anyone got any experience, or do i just need to get an appointment with a mortgage advisor?? (is mortgage advisor correct? or just speak to a loans person?)

edit- worth noting its the MIL’s idea but she doesn’t have a clue how to go about it – and neither do I!

she can do equity release on the property (Retirement Plus are a good example of a non fly by night company to help with that), if she gives the money to you she needs to live for 7 years… probably your best bet.