From 2015, local councils will lend money to the elderly and will recoup the money from selling people’s homes after they die The elderly and vulnerable will be allowed to borrow the cash to pay for residential care from councils before they go into a care home – but will have to pay it back when they die, the government will announce on Wednesday. From 2015 the government will introduce a deferred payment scheme, part of a package of measures proposed by the Dilnot Commission a year ago. This will allow local authorities to agree to pay in advance for care if individuals cannot afford to do so without selling their home
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Loans for elderly – paid back after death – will pay for residential care
