Selling homes to pay for care

New research from Dickinson Dees has found that almost half of people expect to have to sell their homes to pay for the cost of long-term care in older age.

In the 34-54 age group, 44% of people say that having to sell their home is inevitable should they need domiciliary or residential care in later life.

38% of those aged over 55 will need to sell their homes should they require care.

Around 20,000 pensioners are forced to sell their homes each year to fund care costs.

Please visit our dedicated care fees planning website at www.mycarefeesadviser.co.uk for more information about the cost of care and to download a free copy of our guide to care fees planning.

Photo credit: Flickr/Fiicus