What about your own home?
What about your own home?
If you own, or jointly own, any land or property then the value of this will be considered when assessing your contributions.
This will be taken into account once it has been agreed that you require permanent residential or nursing care.
Under certain circumstances the value of your land or property may be disregarded. These include where your former home is occupied by:
- your partner (except where you are estranged or divorced from the partner / former partner)
- a child or young person who you are legally responsible to maintain.
If it is decided that the value of your property has to be taken into account this will usually mean that you will be responsible for the full costs of your care as your assets will be more than the “upper capital limit”.
However we may be willing to enter into a 'deferred payments agreement' to wait until the property is sold before asking you to pay the full costs. A contribution based on the income currently available to you would be payable while the property was waiting to be sold.
In most cases a legal charge will be placed against the land and/or property to protect the council's interest and you will pay a fee to us as well as ongoing interest charges at a rate set by the Government. For the current costs of the fee and interest rate, please see Fees Costs and Allowances which we update each April.
When the property is finally sold you will be required to pay the difference between the full cost of your placement and the weekly amount you have been paying prior to the sale.
The Residential Charging Team will contact you if it is decided to take your property into account for charging purposes.