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Home loan / mortgage for nurse finance

Good evening,

I am new to the forum and I would like to answer the following tricky request. I hope you have a few tips and suggestions for me:

My father has recently been in need of care (dementia) and lives alone in a single-family house (value approx. 200,000 euros)

We would like to make it possible for our father to be able to live in his house for the last few years of his life and to hire a nurse for this (costs approx. 2200 / month).

Since he only gets a little pension (approx. 900 / month) we would need a loan of approx. 1700 a month to cover all costs.

As soon as my father can no longer live in his house, the loan should be repaid by selling the house (possibly one of the “children” would also like to take over the house and would then have to pay off the other siblings accordingly)

We are four children in total – and we want to find a solution so that the financial “burden” is distributed fairly among all four – so we thought of taking out a loan in the name of our father and specifying the house as security.

So my question is whether such loans are possible and what steps would be necessary to get such a loan.

Thanks in advance!

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