Equity Release Information from the Equity Release Expert

It’s a sad fact that being looked after when you get a little older can cost an absolute fortune.  Costs vary according to where you live but the cheapest parts of the UK are around £27 000 a year rising to in excess of £40 000 for the most expensive.
People in England who have assets over £21,500 are liable to pay for their own care. In Wales, full self-funding starts at £22,000, and in Scotland its £20,750.
What do you do to pay for it?
I’ll be looking in to this closer shortly but meantime have a look at the FSA Guide to Long Term Care – its useful reading:
http://www.moneymadeclear.fsa.gov.uk/pdfs/long_term_care.pdf