Not really too sure where to put this, but just hoping someone can give me some advice as I am at my wits end with worry. I'm very, very nervous posting.
My in-laws have historically not been great with money. Won't do into the ins and outs but in general, not great.
They have been talking about moving and downsizing for years - they live in the middle of nowhere and there isn't anything around for either of them and we can see them both getting into a rut with their mental health (not getting out, very reclusive etc) They are now at a point where they are ready to move. However, they have significant debt on their house still, over £100k, which is more than the it was bought for. I'm not certain how it's been racked up, there's been guesses of them being on an interest only mortgage which would check out as in the past they'd complained of 'poor financial advice'. MIL also has a fear of credit checks which makes a bit of sense. They'd make a fair profit on the house even with the debt, but what is left would only just cover a new property and would probably leave them with not much else. They've both retired so pensions are coming in, but I know one was cashed in early so that has made a dent on finances too.
So essentially, they're stuck unless they rent, which they don't really want to do. They could also tweak where and what they're looking to buy but we know all of that.
Selfishly, my worry now is is that my husband and his siblings will eventually inherit the house, and then the debt. They're not the type of family to sit down together and talk through plans, they very much shoot from the hip, give up on things quickly and panic over the smallest issues. There was a plan this week to talk to an estate agent to get the ball rolling on their house, which is now not going ahead as they've been told they can't get a new mortgage so they feel there is no point in selling. My husband has just given up on talking about it to them, but then should he be pushing to get this sorted so his parents are comfortable and can enjoy their retirement rather than panic about a debt. Just seems like everyone's burying heads.
Is there anyone we/they could talk to about their situation? I know that debt is going nowhere unless they do something drastic but can citizens advice/a financial adviser help them with how to make the most of the situation they're in. I don't particularly want to get involved but this affects me and my family too, or am I just making a mountain out of a molehill?
TIA - please be kind!