It`s up to you to decide who lives in your home if you have a payment deferral agreement, but you need to maintain and insure it as long as you have the deferred payment agreement. It can be cheaper and easier if someone lives there. You could rent it and use the income to reduce the amount you asked us to carry forward. You can get a deferred payment agreement if: It usually takes less than 6 months to set up a deferred payment agreement. If necessary, it may take longer: local authorities may charge the adult the average postage, printing and copying costs, time and overhead costs it entails compared to DPAs in general, and to this end, different average costs can be foreseen for different situations. All other administrative costs (e.g.B. However, the costs of registering the fee or guarantee) shall be the administrative costs borne by the local authority in relation to the actual agreement. All administrative costs should be reasonable and (unless the average costs are used as indicated above) should not exceed the costs incurred and A.A. should draw the attention of individuals to any administrative costs that may be collected prior to the completion of the ODA. Deferred payment agreement accompanying notes (pdf, 318 KB) (opens in a new window) Deferred payment agreements on GOV.UK Funding care on NHS Choices Deferred payment agreement eligibility (pdf, 99KB) (opens in a new window) Read our frequently asked questions on deferred payments (PDF, 45KB) for more information. You must get independent advice from a lawyer, financial advisor or independent organization before signing a payment deferral agreement. The loan must be repaid, but people can delay repayment until they agree to sell their home or until after they die. See previous section Cost of setting up a deferred payment Fees for setting up a deferred payment Your agreement to the deferred payment ends automatically after your death and your executor has 90 days to make payment of the money due.
During this period, interest expense will continue to be added. We can recover the amount due through the courts if your executor will not reimburse you within 90 days. Money Advice Service provides more information about payment deferral agreements. No no. Deferred loan-type payments are not direct payments. A direct payment is a way for a local authority to meet the care needs of municipal care users – it is not a loan and, unlike a credit-type CCA, there is no need to repay it. These are different systems subject to different legislation. A local authority may not refuse a loan-type CCA to a person who meets all the mandatory criteria for a CCA in accordance with Regulation 2(1) of the DPA Regulations (including approval of the terms of the agreement. . . .
