Tag Archives: Housing

Councils could offer loans to homeowners in Dilnot report proposal

Councils could offer loans to homeowners in Dilnot report proposal

Commission will suggest fund-raising changes allowing local authorities to lend money against the value of property

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  • The Guardian, Monday 4 July 2011
  • Andrew Dilnot
    Andrew Dilnot’s report into old age care reform will offer local councils the power to lend to homeowners entering residential care. Photograph: David Levene

    Local councils are poised to take on a major financial services role under proposed reforms to be unveiled on Monday of the funding system for the care of elderly and disabled people.

    Under the scheme, local authorities will be empowered to make a loan at a preferential rate against the value of a property owned by someone entering a care home. The loan would be redeemed on the sale of the property after the person dies.

    This cut threatens to push many disabled children back below the poverty line

    Parents of disabled children could lose £1,400 in welfare shakeup

    Controversial reforms will also cut benefit for 450,000 disabled tenants in social housing, according to leading charity

     

    The welfare reforms will plunge thousands of families below the poverty line, according to the Children’s Society.
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