Fair Deal/Nursing Homes Fair Deal Home Valuation

[Ryan]

When someone in Fair Deal dies, is the 7.5% annual amount on their PPR calculated on the value at the time of their death or when they applied for Fair Deal?

 

[venice]

It's the valuation they get on the house when they apply

 

[twofor1]

House price increases are allowed, the original valuation is used as long as it was reasonable at the time.
What the HSE will do is adjust the amount owed to allow for inflation. Current and recent high inflation rates could add a significant amount to what is owed.

 

[Ryan]

she went in there in July 2020 so inflation shouldn’t be huge

 

[ClubMan]

she went in there in July 2020 so inflation shouldn’t be huge

About 15% at a glance?

Residential Property Price Index June 2022 - Central Statistics Office

www.cso.ie

 

[twofor1]

It's the CPI figure that is used and applied to the amount owed for each year or part of year up to death.

 

[Ryan]

If the person who has been left the house in the Will wishes to live in it are they responsible for relating the loan?

 

[AlbacoreA]

Relating was that a typo?