The cost of living in a care home has seen a pointy enhance with some older Britons pressured to pay as much as £8,000 a month,  a brand new report by LaingBuisson revealed.

The common charges for care and nursing houses have greater than doubled prior to now 20 years with the common residential care invoice rising from £363 every week in 2002/03 to round £800 this 12 months.

Some care house suppliers have reportedly hiked their charges by an additional eight to 10 % this month.

Lawyer Lisa Morgan, of Hugh James Solicitors, stated it was “not unusual” for some purchasers to be paying £8,000 a month. 

She defined: “Clients are reporting they have received letters from care home providers that their rates are increasing further by eight to 10 percent this month. The cost-of-living crisis has greatly amplified the issue.”

READ MORE: 'I had to move dad to a nursing home elsewhere as we can't afford fee'

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A research earlier this 12 months by UK Care Guide attributed the rising charges to elevated employees, meals and power prices.

William Jackson, of UK Care Guide, stated: “While it is not surprising that the cost of running a residential care home has increased, the real concern is the significant uplift in cost that residents and their families now face, as well as increases they face in the coming years and this won't abate any time soon.”

He continued: “The majority of care homes we surveyed warned that they are likely to increase costs again this year so unfortunately, those that might need a care home in the next few years will almost certainly be paying more.

“Over the past year, we have seen an increase in people looking at live-in care as an alternative to residential care.”

In England, people with property of lower than £14,250 are eligible to have council-funded care, whereas these with property between £14,250 and £23,250 can obtain some assist. Anyone with extra should pay for their very own care.

Government proposals to introduce a lifetime cap on care prices have been delayed till autumn 2025.

Speaking in regards to the rising prices of care, Stephen Lowe, director of Just Group, stated: “It’s a growing problem that will affect many thousands of the most vulnerable people each year, both those receiving care in their own home as well as residents of care homes.”

So what do YOU assume? Are care homes nonetheless reasonably priced for everybody or are they turning into a perk of the elite? Vote in our poll and depart your ideas within the remark part under.