Deferred Payment Agreement with relative becoming 60
in Benefits & tax credits
3 replies 202 views
My Mother may need to go into a care home in the near future. Two of her sons live in her house but are not yet 60. Does anyone know the following?
1) Once my brother reaches 60 will the remaining value of the house no longer be means tested, be it part of a deferred payment agreement, equity release scheme?
2) If a deferred payment agreement is in place could it be paid off once my brother turns 60 so the remaining value of the house is retained. We ask for balance on his 60th birthday, pay it off as such cancelling it and then say to LA you can’t mean test value of house as someone living there is 60?
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