Will this cause any problems for the buyer in the future?
Btw the fair deal scheme is relevant here and the up to 22.5% accessed is paid monthly not deferred.
It could be a problem for someone when the husband dies, whether that’s the purchaser, the executors, the beneficiary’s, or all 3 I’m not sure.
One of my relations was in a nursing home under Fair Deal, they did not avail of the loan and paid the full 22.5% assessed on their family home over their first three years in care. A few years later they passed away.
The HSE then wrote looking for a copy of the Inland Revenue Affidavit CA24 from probate. The HSE letter also pointed out that under whatever section of the Act, a personal representative is personally liable if the assets of an estate are distributed without repaying any amounts due to the HSE……………..
If the family home was not on the CA24, the HSE would surely have asked, was it sold.
The family home is disregarded from the financial assessment after 3 years, but if it is sold the proceeds are assessable indefinitely.
It is a condition of Fair Deal that the HSE are notified of any change in circumstances, specifically mentioning if you or your partner sell their property, see the bottom of page 1 on the Fair Deal application form.
Also have a look at the 2 notes at the bottom of page 6.
https://www.hse.ie/eng/fair-deal-sc...-for-fair-deal/fair-deal-application-form.pdf
I think you need professional advice on this one.