Hi all,
I’d appreciate some advice if you can.
My mum has been in a nursing home for 5 years and is paying the fees from the nursing home loan using her house .She has a small amount of savings under the 36k threshold and so 80% of her pension is going towards her fees. Her house is empty and is starting to fall into disrepair. The family are looking after it as best we can but none of us live locally or are able to put much money into it. It wouldn't be worth a huge amount of money.
Someone has approached us about possibly buying the house. Let's just say hypothetically that happened, would I be right in saying that if we do that, her income is reassessed and that this would be a foolish thing to do?
Thanks for any help or advice.
I’d appreciate some advice if you can.
My mum has been in a nursing home for 5 years and is paying the fees from the nursing home loan using her house .She has a small amount of savings under the 36k threshold and so 80% of her pension is going towards her fees. Her house is empty and is starting to fall into disrepair. The family are looking after it as best we can but none of us live locally or are able to put much money into it. It wouldn't be worth a huge amount of money.
Someone has approached us about possibly buying the house. Let's just say hypothetically that happened, would I be right in saying that if we do that, her income is reassessed and that this would be a foolish thing to do?
Thanks for any help or advice.