Page 6 - CPB March 21st
P. 6
Who is eligible for
The Care Property Bond?
The Care Property Bond is only suitable to a limited number of individuals who:
require full-time care in a care home (please refer to page [x] Is Residential Care the Only Option?);
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have insufficient pension and other income or realisable assets to meet care home fees;
would like to preserve the opportunity of passing on a family home to their next of kin and/or to pass on the net equity in the property after financing their care home fees;
have no mortgage or a modest mortgage outstanding on their property which may be re-financed through the Care Property Bond; and
own a property that is in rentable condition or could be refurbished at a modest price and can be readily rented out to the open market.
