Property and deferred payments

Will you check the ownership of my property?

Yes, we will check the property details held with the Land Registry. If you have owned your property for some time and it is not registered with the Land Registry, then we will need you to do this, at your own expense, before we can agree to a deferred payment agreement.

My spouse lives in the property; can they sell the house and move?

If the property is sold and you have a share in the value of the property, the value of your share and any subsequent proceeds from the sale will be counted as belonging to you and your financial assessment will be reviewed to take these amounts into account as necessary. Your spouse can use your share of the proceeds to help them to purchase another property. However, the property should remain in joint names.

If there is any capital above the 50% share left over after the purchase, it will be considered as belonging to you and will be taken into account when calculating your charge for care.

These matters are complicated and can vary depending upon circumstances. We would therefore strongly recommend you contact the Assessment Officer for guidance and also advise that you seek independent financial advice.

If I own property and/or land and am required to fund the full cost of my care, how will I pay it?

There are two ways in which you can pay:

Enter into a private arrangement with the residential or nursing home and pay them their standard charge from your income or capital,

OR

Enter into a deferred payment agreement with us, if you are eligible to do so.