Tuesday, October 15

Creatures of the wheel

The Government has done a U-turn on a " never never land  " policy that was meant to prevent people having to sell their houses to fund their care home costs in old age . Surprise , surprise ! Life's great isn't it ? You work all your life to pay off a mortgage , then when you've finally paid it off you have to sell the house to fund your care home ( 700 pounds a week ! ) The bank then owns your house again as a new buyer takes out a life time loan . Its the perfect financial cycle . You wont find a politician breaking this financial treadmill .

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