In the event of the rejection of new deferred payments to a deferred payment contract, the local authority should allow at least 30 days to stop the additional deferrals; and should give the person an indication of how their care costs will have to be covered in the future. Depending on the circumstances, the person may either receive assistance from the local authority to cover the cost of his care, or be required to cover his expenses on his income and property. You may be entitled to a deferred payment contract if you are considered by us to be the paying payment for your housing or care care, but you are not able to pay the full weekly costs, since your capital is committed to your property. We will then pay the difference between your weekly contribution and the actual cost of your care in a residential or care home. This amount we paid becomes a deferred payment. If the contract is terminated, we must pay the full amount owed. The deferred payment contract means that after the municipality is reimbursed, less money will remain from the sale of your home. This means that anyone who might expect to inherit you will receive less. We will need to check whether the equity that is available in the security of the person (usually his property) is an adequate guarantee for the deferred payment contract. We will apply a capital cap to ensure that a portion of the value remains in the property used as collateral, in addition to the amount deferred to the Data Protection Authority. If you can`t afford a foster home fee and don`t want to sell your home (or find it difficult), a deferral of payment can be a useful option. A deferral payment contract is a long-term loan that you can apply to your local authority if you own your home (except Northern Ireland).
Your municipality may (but should not) charge interest on deferred payments to cover the costs. We must ensure that there is adequate security when we decide whether a person is entitled to a deferred payment. The person (or his or her representative) is required to prove safety. Local authorities are not required to offer a deferred payment, but if they do not, they must explain the reason in writing. For example, they won`t accept a deferred payment if they think your home isn`t worth enough to cover your retirement home expenses. If the deferred payment contract ends because a person dies, the amount owed to a local authority is due 90 days after the person`s death. It is a legally binding agreement with the Council that the money be repaid when the house is sold. The municipality will probably ask the land registry to take legal action on the ground. The tax is stolen if the unpaid debt is paid.