Anyone with elderly relatives will have spent some time worrying about the prospect of paying for care.

Everyone wants the best for their family, especially in their twilight years.

But private care homes are expensive and places are often difficult to come by.

As a result many people are now setting aside specific investments to help meet the costs of caring for elderly loved ones.

But with the cost of living going up all the time and their own retirement to worry about its not always possible to save as much as some people may wish.

Therefore, many older people will be turning to the equity in their homes to tide them over or even selling their homes altogether.