Paying for care: Deferred Payment Agreements

Renting out your property

You can rent out your property, but you should speak to us about this first.

This could help you meet the cost of your care and reduce any future debt.

You will also be able be keep a percentage of the rent paid.

You may wish to get independent financial advice before you decide to rent out your property, so that you know how this will affect how much tax you pay and how much welfare benefits you get.

You should also consider the requirements involved with renting out a property, such as property maintenance, insurance, health and safety, landlord legislation and managing periods the property may be empty.

A letting agent may be able to help you meet these requirements, but you would need to pay for their services.