Selling your home to pay for care
When an elderly parent or relative moves into a care home, it can be sudden and the emotions and stress of the situation often overshadow the large, ongoing costs involved in long term care. In reality most homeowners will be expected to use their own capital when paying for care.
With weekly residential care costs averaging over £470 per week (£24,400 a year*) and nursing care over £660 per week (£34,300 a year*) the costs can be a huge strain on family finances. (*Help the aged/Age Concern)
Property is often the biggest asset but is also unfortunately difficult to sell, especially in the current market conditions.
Funding for Care can assist by buying your house at a guaranteed price, providing money immediately, so you can concentrate 100% on your loved one, rather than being concerned with an involved, lengthy and uncertain sale process.
Funding for Care prides itself on a flexible, secure service that allows clients to release the equity in their property to fund care.
Follow the links to learn more about how the service works and the benefits offered to our clients.
