Self Funding A Care Home Place Could Mean Selling A Family Home To Subsidise Other Residents Of That Home, UK

Main Category: Caregivers / Homecare
Article Date: 08 Jan 2008 - 1:00 PDT

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Recent research has shown that nearly one in five people have to sell their family home to fund a place in a care home. The study also shows that, until crisis of need arises, people have little awareness of care home charges being far in excess of £30,000 a year.

Moreover, the recent Commission for Social Care and Inspection (CSCI) report 'A Fair contract With Older People' found that pensioners forced to sell their homes to pay for care are commonly charged more than fellow residents who are paid for by the local authority. Because councils are able to drive down 'bulk' care home fees, private residents are, in reality, getting the raw deal of subsidising the costs of others!

Up to 70,000 homes are needlessly sold to pay for care each year in the UK - when alternative options are most certainly available. Clearly, it pays to be fully informed of possibilities, before the crisis of care home need arises. Care Directions, in association with care funding specialist, NHFA provides comprehensive guidance. Read it here.

http://www.caredirections.co.uk

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