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What about setting up your own private reverse mortgage, with the help of a solicitor? i.e. Draw up an agreement where you agree to buy their house from them, $200 a week at a time - or whatever $ amount they need "extra" to get by - with some mechanism determining how much equity you have at...

Sounds really complicated, I don't envy you, Mitch1. I know nothing about this company other than that I found them on google, and it's evidence that reverse mortgages do exist in NZ: Sentinel

I'd point out to your husband that he *has* helped his parents, by lending them the money. Parents are *supposed* to give their kids a start in life; it's not done on the expectation of "repayment". But I do understand that nobody wants to see their parents in difficult circumstances. It's hard...

What does your husband think about this? Why are you inclined to help such people, who obviously have little concern for you and your husband?