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Mortgage rate rises are “death knell” for care home operators

Care home operators have warned that increases in mortgage rates and a delay to government reforms are a “death knell” for UK providers.

While the rate of closures of UK care homes has slowed this year, the National Care Association has warned that the sector is facing “extremely challenging” times.

It expects that a lot of care homes will come to market as operators struggle with mortgage payments.

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