A Deferred Payment Agreement is a long-term loan from your local authority that can be used to fund care home fees if you own your home.
It lets you use the value of your home to get a loan from your local authority secured against the property. The loan does not have to be repaid until you decide to sell your home or after your death.
There is a legal agreement and you local authority pays your care home fees on your behalf. As a Deferred Payment Agreement is a loan, it must be paid back with interest and administration fees.
Local authorities in England, Scotland and Wales must offer people a Deferred Payment Agreement if they are eligible. Contact your local Health and Social Care Trust for more information.
Deferred Payment Agreements are only available for long-term care, not short term stays.