Hi All, Thank you for all your help over the many years - been a long journey but almost there. Now that I have the strength and knowledge (from here) to take on the financial system in this country, I'm now trying to help my elderly Dad fight back. My Dad was always in control of financial affairs in the past but for the last few years now has become less able to deal with the modern world and now he is showing early sign of dementia. It came as quite a shock to find out that he has 6 credit cards which are now leaving him with no pension to live on. It became noticeable last year when he was a victim of identity fraud. His bank account was cleared out twice and so he ended up with loads of penalty payment and a few defaults. I want to "put the brakes" on the charges and interest with all these companies and now feel I'm in a position to do so now that I have LPA (lasting power of attorney). My idea is to send these companies a letter saying that my sister and I are taking over financial affairs for Dad, enclose a copy of the LPA, and also start the ball rolling by asking for the original signed Credit Card Agreement. Some of my Dad's cards go back to the 80's I want to see if he has an agreement and if they don't at least put them on the back foot when I ask them to freeze his account so he can just work out a manageable payment plan. Should I do it this way or does anyone have a better idea? Best regards Fevr

Older home-owners are being given more borrowing options, as a building society launches a new range of retirement interest-only mortgages. Leeds Building Society said it is entering the market, with the new deals initially being made available through brokers. Interest-only mortgages allow people to make regular interest payments on a loan, without paying off the loan itself – but the capital must be eventually paid off. Leeds’ new mortgages are being offered to borrowers aged 55 to 80. https://uk.yahoo.com/finance/news/interest-only-mortgages-lasting-retirement-230100829.html

Older home-owners are being given more borrowing options, as a building society launches a new range of retirement interest-only mortgages. Leeds Building Society said it is entering the market, with the new deals initially being made available through brokers. Interest-only mortgages allow people to make regular interest payments on a loan, without paying off the loan itself – but the capital must be eventually paid off. Leeds’ new mortgages are being offered to borrowers aged 55 to 80. https://uk.yahoo.com/finance/news/interest-only-mortgages-lasting-retirement-230100829.html

Hi, I have an elderly relative who has had dementia since 2008, he is quiet wealthy, he never married and has no children, his next to kin are nieces and nephews of which I am one. Another relative took over and I was told they had power of attorney and my uncle was going into a nursing home. I had concerns as the person was telling other relatives that my uncle had made no will and they would be sharing his estate out when he died. I was later told that “someone” had cleaned my uncle’s bank account out but nothing was being done about it because of his dementia. (Others have verified this as bills were not being paid) I had heard in 2012 he had gone down hill badly, was not eating or taking medication, having falls broken bones, some relatives were starting to raise question about those looking after him. I did some research and assumed that due to his severe dementia an application had been made to the Court of Protection and a Deputy had been appointed, so I done a search, to my surprise my uncle had apparently given a Lasting Power of Attorney in late 2013 when he was not in a sound mind, and it had been registered some 12 weeks later the same time relatives were joining forces with their concerns, you cannot act on a LPA until the person has completely lost their mind and it has been registered, it was another 10 months before he was placed in a nursing home and his property was emptied of personal effects and it was put up for sale, since then more allegations have been made. I need some advice please, can I asked the court to confirm who witnessed the application for the LPA to confirm he was of sound mind and he fully understood, and who witnessed some 12 weeks later that he had lost his mind when the LPA was registered. Any advice on this subject would be greatly appreciated.