Hi, My mother in law ( 85 ) is presently in care as a result of Vascular Dementia. She has been in the existing care home for approx two years and is self funding up to now. She has been considered for continuing care but guess what - she does not qualify yet. As it costs a small fortune each month the savings are dwindling and are below £23,000 so my better half who has enduring power of attorney has had to put her mothers house on the market. Before this it was rented out. The trouble of course is that it isn't selling for anything like what the agents have priced it at given the present financial climate. It has been considerably reduced already. My wife has been advised by Social services that they would likely pick up the shortfall, as finances are below £23.000 until the house is sold and then it would need to be paid back. They assured her that her mother would not need to move. I was just wondering if any experts have any views as to this situation? Thanks. Stuart.
- posted 8 years ago