Care costs set to boost equity release in 2009

Intune, set up by Help the Aged to provide financial services to older people, says a desire among old people to remain in their home and not rely on their family to pay for care will drive the equity release sector forward in the coming year. A survey suggests a quarter of those aged over 60 put being able to afford long-term care as their top financial priority, but one in five fear they do not have enough cash to pay for care. Furthermore, 74% of older people want to remain in their own home should they need old-age care in the future, with 41% willing to pay extra to access in-home ...