Selling your home

Should you be single or widowed, need care, possess your own home, you will almost certainly have to fund your own care from capital , and for many this may entail having to sell your home.

Whilst there are some alternatives such as the Deferred Payment Scheme or renting out the property, either because of other capital exceeding the upper capital thresholds preventing a deferred Payment scheme, or the ongoing responsibilities and obligations of one of your family having to be a Landlord, most people find that it is better to sell the property , realise the capital and either invest it or buy an immediate needs annuity.

Managing the sale

If your family or Powers of Attorney are either very busy people or live far away, the job of perhaps preparing the house for sale, finding and appointing estate agents and solicitors and perhaps more importantly keeping in touch with them can become difficult and very time consuming.

This is why we have negotiated a special deal with one of only a few specialist companies who offer to act for your family of Power of Attorney in managing the sale for them relieving them of the burden of selling it at little more than the costs you would otherwise normally incur, such as estate agents and solicitors fees.

Bridging Finance

There is often nothing more worrying than once having agreed that the best plan is to buy an annuity, than you find the home doesn't sell and the care fees are rapidly using up all of the liquid cash available. This needn't be the case however.

Not only will this specialist firm, arrange the sale of the home but will at additional cost also offer to lend you money in advance of the sale (so called bridging finance) to allow you to buy the annuity immediately. Once sold the money advanced together with interest accrued is then deducted before you or your family/ Power of Attorney receive the balance.

If you would like further details of this scheme then please contact us asking for details on bridging finance for care

Immediate Sale

If you prefer or need to sell property quckly but find you can’t due to very little interest, we can also introduce you to a specialist firm who will offer to buy the property from you for a discounted price of between 80-90% market value depending on how quickly you would want all of the money.

They will release money as soon as contracts are exchanged which can be within 3 weeks and can be the full amount , rather than having to wait for completion. Whilst you may initially feel as though you do not want to let it go at anything less than market value when you realise it saves you ;-

Estate Agents fees –typically 1.5% +VAT
Home Information pack - £500
Most of the cost of solicitors – the company re-imburses you up to £500 towards these.
Paying ongoing council tax.
Having to worry about finding and paying for ongoing insurance on vacant properties.
Paying to modernise the property.
Paying for gardening to be done etc let alone your time
Paying for ongoing maintenance and utility costs.

you may well decide it is worth considering.

If so then all you need to do is let us know and we will introduce you to the company and they will do the rest.