Good Morning.
I applied for and received the Fair Deal for both my parents - who are both in a care home now. Their contribution is currently 1150 a week each.
Their house was put on the market a few weeks ago at the fair deal assessed level, but because of a three-way bidding competition, when it sells it will sell for more than the fair deal valuation. I assume this will therefore be reflected in a new Fair Deal assessment and if so, it is likely to increase their assessment by an additional 200 a week - meaning they will both pay 1350 a week instead (I assume this is retrospective from the start of their care, but that is not my most pressing question!). This 1350 is just under the current cost of the care home.
With the additional value from the house sale and income they get on the house sale proceeds, they will go over the current care home costs. My big question is can the fair deal be revoked or does it just get capped at the weekly home cost?
Sincere thanks for any insight.
Rebecca
I applied for and received the Fair Deal for both my parents - who are both in a care home now. Their contribution is currently 1150 a week each.
Their house was put on the market a few weeks ago at the fair deal assessed level, but because of a three-way bidding competition, when it sells it will sell for more than the fair deal valuation. I assume this will therefore be reflected in a new Fair Deal assessment and if so, it is likely to increase their assessment by an additional 200 a week - meaning they will both pay 1350 a week instead (I assume this is retrospective from the start of their care, but that is not my most pressing question!). This 1350 is just under the current cost of the care home.
With the additional value from the house sale and income they get on the house sale proceeds, they will go over the current care home costs. My big question is can the fair deal be revoked or does it just get capped at the weekly home cost?
Sincere thanks for any insight.
Rebecca
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