Loans for elderly – paid back after death – will pay for residential care

[jenniferpa]

http://www.guardian.co.uk/society/20...sidential-care

[Jackie123]

This worries me...not for my MIL she lives on her own and we have no issues when time comes for full time care in selling her property...


BUT - my brother (registered disabled, currently redundant) lives with my elderly parents...the house is left 10/12 to him and me and my sister would not turn him out.

If one of my parents have to go into care whilst the other is living will they disregard the house or will they insist on a loan?

What happens if a one surving parent needs residential care...will they then have to have a loan against the property leaving my brother with a debt he can't pay???

[Contrary Mary]

Hi Jackie

Someone who knows for sure will hopefully be along soon. But I'm pretty sure the fact that your brother is disabled is sufficient for the house to be disregarded.

Mary
x

[TinaT]

The fine details need to be seen. I think this latest Gov initiative is based on the Dinnock Report on paying for elderly care. A few years ago the Gov of the day published a similar report coming up with a range of alternative plans for capping contributions. This came to nothing as the government changed and the economic crisis began.

Something is afoot but quite what I don't think any of us know yet. Lets hope it is to the benefit of all.

xxTinaT

[jimbo 111]

I haven’t yet come to grips with the implications of the governments proposals, in particular that related to the need to sell your house to pay for care
As a quick response, If the need to sell is deferred until after the death of the patient and a loan with interest is then charged to the ’estate’
If I have to go into care my home is obviously of no further use to me
Would it not be a good idea to accept the deferred payment then arrange for my house to be let using a letting agent ???????
I suppose the government will have thought of something to prevent this
I wish they’d make up their ****** minds anyway when you get to my age talking about waiting for three years or more before decisions are made is like hot air
Jimbo 111

[frazzled1]

http://www.guardian.co.uk/society/20...sidential-care

i read this today and all i thought was "just like Student Loans only 100 times worse"....I hate the thought of a loan which in future years...should house prices go DOWN, the next generation would not be able to pay back, and they would also be asked to pay interest on the loan..

[Jackie123]

I suspect the (d)evil will be in the detail and that is not going to be known for a good while, in meanwhile brother is planning to get downstairs sorted so that he can keep them supported at home as long as possible.

[hollycat]

i read this today and all i thought was "just like Student Loans only 100 times worse"....I hate the thought of a loan which in future years...should house prices go DOWN, the next generation would not be able to pay back, and they would also be asked to pay interest on the loan..

Must admit, had exactly the same thought. Borrow now, pay later.

Am I getting old ? Am I becoming a bit of a Victor Meldrew ?

Write a white paper as we agreed to address the matter in our manifesto.

We have written a white paper so we have addressed the issue.

Push it all back under the carpet and forget about it.

YES. I think I am becoming a Victor

[Karjo]

I thought councils could put a charge on a house anyway so that it didn't have to be sold, and I bet with no interest added, so surely we are in a worse position. And it all sounds a very odd loan-how can it be calculated in advance , and what happens when the care fees go over the value of the house.?Does it become a family debt or get written off?