The rising cost of care

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Nigel Hare Scott discusses how equity release can be used to pay for long term care

Many of us as parents will have breathed a sigh of relief after paying the last invoice for our children's school fees. Having made the decision to go for private education rather than the state system and then gone through an exhaustive selection process to find the most suitable school, you may have asked yourself: "How am I going to pay for all this over the next ten to fifteen years?" Furthermore, you will have been aware that the inflation rate for school fees has invariably been above the prevailing retail price index. Thus, after the final term, you may also have asked yourself: "How...

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