Christmas Opening – Please note that our Annitsford Office will be closed from Tuesday 24th December, our Newcastle and Ashington Offices will be closed from Friday 20th December until Thursday 2nd January 2025.

What is a deferred payment agreement for care homes?

A deferred payment agreement is an arrangement whereby the Local Authority helps to pay the cost of the care home fees pending the sale of a property. In return they secure their interest by way of a legal charge on the property. This then enables them to recover any fees paid from the proceeds of the sale when the property is eventually sold. Such arrangements are interest free until 56 days after the date of the resident’s death. You should always seek independent legal advice before signing a deferred payment agreement.

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