Bridging loan for care home fees

Heather2012

Hello,

A relative of mine moved into a care home earlier this year and we have since been trying to sell her house. The house sale is going through but is taking a long time and my relative has now run out of money to pay the care home fees, so relying on the money from the house sale.

I don't think we will have a completion date before this months payment is due.

Does anyone know if any sort of bridging loan exists for these circumstances? We have looked into one from the council but have been advised it takes 3 months so will not be done for this months payment.

Thanks
Heather

MattMattMattUK

Heather2012 said:

Hello,

A relative of mine moved into a care home earlier this year and we have since been trying to sell her house. The house sale is going through but is taking a long time and my relative has now run out of money to pay the care home fees, so relying on the money from the house sale.

I don't think we will have a completion date before this months payment is due.

Does anyone know if any sort of bridging loan exists for these circumstances? We have looked into one from the council but have been advised it takes 3 months so will not be done for this months payment.

Thanks
Heather

Bridging loans cost a lot and are only really suitable in very rare circumstances. Quite a few care homes will offer an option to defer fees for up to a year if a home is being sold. Have you spoken to the home about any options they may have?

Heather2012

The care home were very inflexible about us staggering payments when she first moved in, when we were trying to sort her bank accounts etc so I doubt they would offer this. However, it's something I hadn't thought of so I will definitely ask them. Thanks!