A deferred payment agreement is an arrangement with us that lets people use the value of their homes to help pay care home costs. This is a mandatory requirement when a person’s property will form part of their financial assessment.
You will pay a contribution towards your care fees based on your income and we will pay the difference up to the agreed maximum. Then when funding ceases, or your property is sold, we will need to be reimbursed. This arrangement will require a legal charge to be placed on your property ensuring that we are appropriately reimbursed from the proceeds of any sale.
if you would like to discuss deferred payments please call 01708 432000.