How can I use the value in my home to pay for my care?
Do you need additional care beyond what your Home Care Package provides or what you can afford with your regular income, but you absolutely do not want to sell your home and go into a residential nursing home?
You can use the equity in your home to provide you with the funds you need without going into debt and without taking out a reverse mortgage.
You can do this without any risk of losing ownership of your home or being forced to leave your home before you choose to sell it or it passes to your estate. Your home remains yours and you continue living there as long as you want.
Essentially, you sell a percentage of the future sale proceeds of your home. A bit like down-sizing without leaving your home.
What is Homesafe Wealth Release?
Homesafe Wealth Release is the home equity release product which we recommend to our clients. We have no affiliation with Homesafe and include this information only because we believe it is a fair product which offers security and guarantees. Homesafe Wealth Release is not a reverse mortgage or a loan, and there is no capitalising interest.
We recommend:
You should get independent financial or legal advice from a professional if you are considering this option or any other equity release provider.
The process for new clients
If you're interested in using a home equity release to help fund your care, we can help get the process started. Our process for new clients is:
1. Get in touch with us
Get in touch with us and we will discuss your options, so you get the care that suits you. We take the time to get to know you so we can personalise our services to your individual circumstances.
Once you know a bit more about your care requirements, you can then consider if a home equity release could be useful for you.
2. In home care assessment
To fully understand the best way to provide care for you, we do a free care assessment in your home with a registered nurse and our Client Care Manager. Your family can also be present if you would like them there.
We'll talk about your lifestyle goals and determine how we can help you have the best possible quality of life.
3. Homesafe Wealth Release
If you are considering using Homesafe Wealth Release to fund your care, then get in touch with them directly here to get the process started.
Homesafe Wealth Release will also require you to obtain independent legal advice before finalising any agreement.
4. Care Plan
If you choose us as your in-home care provider, the final step is to develop a Care Plan. We develop this with your goals and preferences as the starting point, and outline the care services we will provide for you.
You are never locked into a contract with us and you are always free to stop using our services at any time.
Find out more about in-home care
Our information pack has all the information you and your family need. Check it out for more information need about our in-home care services.
Get in touch with us
If you have any questions about home equity releases or our services, get in touch with us and we'll be happy to help.