If the value of your home is included in the financial assessment of your client contribution of care home fees & you have other savings of less than £23,250.00, you may be eligible to join the Deferred Payments Scheme. This Scheme has been designed to help you to pay the care home fees whilst most of your money is the value of the property.

You will be financially assessed based on your income and other capital and be required to pay this amount when invoices are sent.

If you are eligible for this scheme Bury Council will pay the difference between your initial financial assessment and the cost of the care home for you. This is called the Deferred Debt. If you meet the criteria for this scheme you will be required to complete a Legal Agreement and agree that Bury Council can place a Legal Charge on the property with the Land Registry to secure the value of this Deferred Debt (Loan). You will also be required to pay Administration Fees and Interest Charges as part of this Scheme.

The money we pay on your behalf will need to be repaid when you sell your property or as part of the administration of your Estate.

We will write to you with further details of this Scheme and an Application Form if your property is to be included in the financial assessment.

It maybe that this scheme is not the best option for you, therefore we would strongly recommend that you seek independent financial and legal advice about your personal circumstances.

You can download the following further details of the Deferred Payments Scheme from the attached Links;

Deferred Payments Scheme Policy
Deferred Payments Scheme Factsheet 6
Deferred Payments Scheme Sample Agreement
Deferred Payments Scheme Application Form

Paying for Residential and Nursing Home Care