Deferred Payments

[fredsnail]

Does anyone here have deferred payments - I'm trying to find out how it works as Grandad's savings are down to the point where we will need to apply very soon.

Does the council pay the bill and then invoice us for payment or do we pay part of the payment and the home invoice the council for the rest?

How is the amount that Grandad will have to pay calculated?

Thanks

[Boudeca2007]

From what I understand is that a deferred payment is a charge that is put on the property by the Local Authority and then when the person passess away it is then repaid to the Local Authority from the proceeds of the sale of the house. I think they give you a set time in which you should sell [ once the person has passed away ] . During the persons stay in the care home the Local Authority will pay the fees then recoup them once the house is sold.

They should not charge any interest at all on the deferred payment ' loan '.

However please be advised that a deferred payment is purely at the disctretion of the local authority. In our case they refused us a deferred payment.

[wazzer]

Hi
I can only add to what 'Boudeca2007' has said. I was lucky enough to be granted a 'Deferred Payment Scheme' for my mother which has now been in force for the last three years. We had a Financial Assessment completed before the Deferred Payment Scheme was passed by our Local Authority and basically now I pay half the Care Home Fees from mums pensions and the LA pay the other half until I can sell mums house and I then have to pay the LA back what I owe them.
Unfortunately houses appear to be very slow selling at the moment and I am not selling at a pittance even though I have had a few very low offers.
As regards paying interest on a 'Deferred Payment Scheme', no interest becomes payable until 57 days after my mother passes away if the house has not been sold.

[fredsnail]

Many thanks for the replies - looks like I'd better start applying now incase we get turned down.