15.03.2013 - UK: High house prices offer best way to pay for long term care but what will the inheritor generation say?
High house prices offer a solution to the long term care crisis, according to leading economist Ros Altmann, who says that more people should be encouraged to borrow against property to fund care for frailty in old age. Equity release schemes, which used to be known as home income plans, enable homeowners aged over 55 to unlock wealth in bricks and mortar by means of a lifetime roll-up mortgage where no interest is paid on the debt until the borrower dies......................................Full Article: Source
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