The local authority also has the power to offer a deferred payment agreement to anyone who lives in a retirement home or assisted housing program and who does not meet all the criteria set by the government. The legal guidelines suggest the following considerations when deciding whether you want to propose a deferred payment agreement: a deferred payment agreement has no influence on how your income and savings are assessed to see how much you should pay for your care. If you are entitled to a deferral of payment, it is likely that the Council will not respect the value of your property for the first 12 weeks of your stay in a retirement home. This should allow sufficient time for the agreement to be subject to the order. Read more in our article on 12-week real estate contempt. For example, if you live in England and your home is worth £100,000, you can borrow up to £75,750 as part of a payment deferral agreement with your local authority. If you have a payment deferral agreement and someone owns your home with you, they must accept the agreement and agree to have the house sold when it comes time to reimburse the local authority. When you apply, the local authority carries out an assessment of your financial situation. Boards should offer deferred payments if you meet the following criteria: if the person terminated the contract because they were withdrawn from their apartment, it is not possible to make further deferred payments against the property and the property should be overlooked when it comes to a new financial valuation. The person remains responsible for the deferred payments to date and interest continues to be due until the account is paid.
Under Section 35 of the Act, the local authority has the power to offer persons living in supported residences (formal schemes) a deferred payment agreement if: a universal payment deferral system has been established in accordance with Section 34 of the Care Act. A payment deferral system allows the submitter to delay some or all of their payments to the local authority for the care and support services they receive. This gives them time to look into their situation and consider their options without having to rush their home. Some people make an agreement on deferred payment until their death, but others use it as a “bridge loan,” while deciding what`s best to do and exploring the options available to cover the costs of care (for example, they can arrange for the release of another asset to cover costs). It is up to them to know how long a person has a payment deferral agreement. In Northern Ireland, there is no formal system of payment deferral agreements. However, it`s still worth asking your local Health and Social Care Trust if they could facilitate this type of agreement. In the event of refusal of other deferred payments on the basis of an agreement on deferred payments, the local authority should notify at least thirty days in advance that further deferrals will be suspended; and must give the person an indication of how their care costs will be covered in the future. Depending on his circumstances, the person can either receive help from the local authorities to cover the cost of his care, or assume his costs from his income and property.
In Northern Ireland, there is no formal payment deferral system. . . .