Most older people want to retain their independence for as long as possible and that is what Extra Care delivers. The vast majority of people who make the decision to move into an Extra Care property will never need to go into a care home.
And … most people these days are home owners and don’t want to become tenants just because they’ve decided to move into more appropriate accommodation for their needs. Plus, if you are living in your own home then the value of that property cannot be taken into account when assessing what you need to pay towards your care costs and your equity is protected. Unfortunately, there is a huge shortage of private, leasehold Extra Care property in the UK and that is what Oak Retirement intends to address.