News & EventsWho? What? Where? Why? Read all about it here!

Get the Latest


‘Pay when you die’ loans

Westminster announced plans for ‘pay when you die loans’ to help the elderly pay for care, without having to sell their homes.
What impact does this have in Scotland?
Lianne Lodge, associate at legal, financial and property company Pagan Osborne would be happy to help explain this.
Firstly, the simple answer is none, as the proposals at present only apply to England and Wales, but this is not widely understood. Scotland, too, has its own system called a charging order where the local council will put a security against the property and pay for care but this is repayable on the sale of the property rather than death.
But would we want a similar scheme in Scotland? 


who heads up Pagan Osborne’s lateryears service, said:

“The ‘pay when you die’ scheme is another option for funding elderly care and therefore good for providing added flexibility. However, it is certainly not the only answer and good news that everyone seems to be heralding.”

Lianne has concerns that these new types of loans could end up leaving the family worse off in the long term because a property left empty it will not generate any income and may potentially deteriorate. The interest, the rate of which has not been announced yet, will also roll up and will be payable on death.

“If the property was sold, the funds could be used to generate an income and there would be no interest meaning the family may be better off in the long term.

“The new scheme might work for some people and it can be good to have as an option as it will take the pressure to sell off at what can be an emotional time. The important course of action right now is to watch with interest and see if there are lessons we can learn in Scotland as we face the same issues.”


Not sure where to start? Why not just give us a call today on
0131 624 6820 for Edinburgh or 01334 475001 for Fife to discuss your needs.

All fields marked with * are needed


Want to work with a local, friendly company? Then find your nearest Pagan Osborne office to you below. However, we also work with clients throughout the UK so you can call any of our numbers and our helpful reception staff will be happy to forward on your call to the most appropriate expert to suit your needs.

Clarendon House
116 George Street
EH2 4LH Call Us
Tel: 0131 624 6820
Fax: 0131 220 1612
2 Comiston Road
EH10 5QE Call Us
Tel: 0131 539 3333
Fax: 0131 538 7204
St Andrews
106 South Street
St Andrews
KY16 9QD Call Us
Tel: 01334 475001
Fax: 01334 476322
12 St Catherine Street
KY15 4HH Call Us
Tel: 01334 653777
Fax: 01334 655063
1 Crossgate
KY15 5HA Call Us
Tel: 01334 656525
Fax: 01334 654119
Pagan Osborne
5a Shore Street
KY10 3EA Call Us
Tel: 01333 310703
Fax: 01333 311918


Got a question? Fill in your details below and we'll give you
a call back on the date and time you have chosen.