Housing associations for over 60's ?

whitejohn

Anyone have experience of housing associations for the over 60's ?

I'm 65 and was looking to buy or rent a top floor flat in a semi-rural/scenic location but now wondering if a housing association may have advantages and free my capital to spend now as I have no family.

There are some nice rural houses with smaller associations but as priority is given to local occupants (no problem with that) it will probably be a struggle. That seems to leave the bigger ones like Anchor.

I'm very fit at present but have no idea what will happen if I become ill and need care so what's my best plan for my £150K capital?

I have no property at present, staying with a friend and touring in my caravan whilst I search at a leisurely pace, no rush. However, I am unable to supply copies of utility bills etc. for applications. References could be difficult too as I've never rented before.

Any ideas please, rent or just buy outright?

Best option for care if I ever need it?

xylophone

http://www.housingcare.org/elderly-uk-sheltered-housing.aspx

The above might be worth a browse.

http://www.ageuk.org.uk/home-and-care/care-homes/paying-for-permanent-residential-care/

whitejohn

xylophone wrote: »

http://www.housingcare.org/elderly-uk-sheltered-housing.aspx

The above might be worth a browse.

http://www.ageuk.org.uk/home-and-care/care-homes/paying-for-permanent-residential-care/

Thanks, some interesting things there, especially the capital limits being increased next year.

"from April 2016, the upper capital limit will also increase from £23,250 to £118,000"

So I guess that when my capital has dropped to £118K I will be entitled to care and still have plenty of beer money. Presume that they would take my state pension away but thought it would have been worse than that.