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Borrowing money to pay for care
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sleepless_saver wrote: »How would the lower amounts as needed approach tie in with a charge on the house? Would it not mean more than one charge? There will be associated costs each time, and on the discharge of each charge as well.
I haven't got as far as asking about the costs of putting a charge on the house so that's another thing to consider.
sleepless_saver wrote: »The local authority has to disregard the charge on the property as well as the £23,250. (April 2010 CRAG guidance 6.014)
What I meant was that if the LA insisted on Dad using all the capital down to the £23,250, then at least he'd have that left to repay the loan.0 -
I would get advice from AgeUK on this0
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