Selling a property to fund care home costs

Funding care home costs often means releasing equity from a property quickly. A slow open-market sale may not keep pace with ongoing care fees. Selling directly for cash can release funds considerably faster.

Our guide covers care funding rules, means-testing, and typical timelines for releasing property equity. Read our in-depth guide on selling to fund care home costs for more detail.

Release equity within weeks, not months. Keep pace with ongoing care fees. Sell the property exactly as it stands.

Being in this position usually means a property sale is needed to help fund care costs. This is often arranged by family members or an attorney acting on someone’s behalf. A fast, certain sale helps ensure care costs can continue to be met.

Care home fees are ongoing and don’t pause for a slow property sale. Open-market sales rarely align with the pace at which care costs need funding.

• Ongoing care fees regardless of sale progress: Fees continue if a property sale has completed or not.
• Local authority means-testing considering property value: Councils may assess property value as part of funding decisions.
• Uncertainty over exactly when funds will become available: A slow sale makes it hard to plan care costs with confidence.

A slow sale can create real financial pressure for families managing care costs.

• Continued reliance on savings or family contributions: Families may need to cover costs while waiting for a sale to complete.
• Property running costs while it remains unsold: Insurance, utilities and maintenance still need paying throughout.
• Estate agency fees reducing funds available for care: These further reduce the amount ultimately available.

A direct cash sale releases property equity considerably faster. This can help ensure care costs continue to be met without interruption.

We purchase the property directly using our own funds. We move at the pace your situation needs.

• Genuine speed: Funds can reach you considerably faster than a typical open-market sale.
• Zero hidden transaction costs: No fees are deducted for an agent, and standard conveyancing costs are covered by us.
• A sensitive, supportive process: Our team understands the pressures families in this situation face.

We routinely help families release equity quickly to support care costs.

• Families needing funds to secure a care home placement: Purchasing properties to help release funds for an upcoming move.
• Attorneys managing property sales on someone’s behalf: Stepping in to support those acting under a power of attorney.
• Homes left empty once a person has moved into care: Buying properties no longer needed as a primary residence.
• Families needing to plan around means-tested funding rules: Purchasing homes to help clarify available funds for care.
• Owners wanting to avoid a lengthy, uncertain sale: Buying properties quickly to support ongoing care arrangements.

If you need to release funds for care costs, contact us today for a fast cash offer.