Pensioners sell 400 homes a week to fund care

19 September 2019 – Daily Mail, Page: 1, 2 The Times, Page: 23

New figures compiled by Independent Age have found that up to 400 pensioners sell their homes each week just to fund their social care. The charity revealed that 21,120 owners sold up last year, compared with just 11,880 in 2000.

The charity said this highlights the scale of a crisis in which anyone with more than £23,250 in savings, including their property value, is denied state help. The report also found that only some councils offer “deferred payment agreements” that save people having to sell up before their death.

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