Funding for Care
Funding Care
Funding care is something very few people plan for and most homeowners will not get government assistance in paying for care. Privately funding care can be a huge strain on family finances and be an emotional, slow and uncertain process.
Paying for Care
Residential Care Homes cost on average £24,400 a year and Nursing Care Homes £34,300.
The rule of thumb is that if your capital (normally includes your home) is over £22,250 you are expected to pay all your own care fees.
This means that most homeowners will be expected to use their income, savings, capital and property to pay for care. Paying for care at these prices puts serious pressure on the finances of most people and savings are quickly eroded.
Many people find they need to sell their home in order to release equity to fund care. Unfortunately it has always been relatively difficult and slow to sell a house and in the current market conditions it can prove next to impossible.
How we help with Funding for Care?
We have developed a specialist service for clients who need to sell their property to pay for care. To learn more about this service please visit the website of our sister brand Funding for Care.
How can I find out more?
If you need to sell a house to fund care, contact Funding for Care today!
Tel: 01793 840925
Email: info@fundingforcare.co.uk
Web: www.fundingforcare.co.uk
*Quick Move Now do not provide financial advice. For advice on financial options to fund care we would recommend contacting help the aged or your local council.



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