<prompt> Human: Reddit, I do not know what to do here or what advice to give my parents beyond seek immediate qualified financial advise, but even then whichever way I look at it my parents are fucked.So. My mother calls me today upset, she tells me that they have to sell their house in three months but does not know why.I ask my father and he explains that they have an interest only mortgage that expires in 3 months he keeps saying he had it in his head that it expired in 2015 and that the mortgage company will not renew the mortgage because of his age.My father is 64 and in full-time employment still, he has 100k equity left in his house and roughly 100k left to pay back on the mortgage.This is the UK, the property market is SHIT, so any hope they have of selling the house at a profit and coming away with anything is very slim.I am half minded to tell them to pull out the 100k equity and flee overseas to retire, but its shitty advice.Even with good financial advice, my fathers small income and advancing years dictate that lenders are not going to like the look of him.What do I tell my parents to do here Reddit ? What kind of things should they be thinking about ?They are in their mid 60s and have like 20k of savings left.I am very worried about them and I cannot afford to help them out, I can barely look after myself.I am wondering if they even have enough time in 3months to release equity before the mortgage is cancelled or if they can and I do not trust my father to make the right decisions. I am really worried about my mother.  <response>: Time matters, but it is also a common ploy to get elderly people into a fearful state with time pressure to get them to make poor decisions, like selling a house for less than its worth. If theres any chance of that, you should step in as soon as possible and learn the facts. Time can help solve this problem, but it can also work against you if you wait too long. 