Paying for care: Deferred Payment Agreements

How much payment can be deferred and for how long

Under a DPA you can borrow up to 90% of your home's value minus £14,250.

This is known as the 'equity limit' of the DPA.

For example, if your house is worth £100,000 you could borrow up to £75,750 over the course of the agreement.

How long you defer the charges for depends on how long you are in care, and how long the value of your property can cover the cost of that care.

If you decide to live in a care home that you cannot afford long-term, we may not offer you a Deferred Payment Agreement at the higher amount.

You can ask us for a statement at any time, setting out the amount you have borrowed and how long the equity in your home - up to the equity limit - is likely to last.

We will provide this within 28 days of your request.