..if a person enter the Fair deal scheme, and dies say after 6 months, the amount due to the HSE is say 10,000k, but 7.5% of the residence is actually 35,000k, which amount is due at death ??
Don’t understand this sentence, the amount to be repaid would be whatever the HSE paid out to date based on the house value, in this case it does not appear to be €10K or €35K.
If the person was not a member of a couple and If 7.5% of the value of the home is €35K, that’s €2,916 monthly, if the person died after 6 months the HSE would have loaned €17.5K to that date so that should be amount repayable.
Robert4 clearly said 7.5% of the value of the house is €35K, I said if that is the case, then €17.5K would be due for 6 months.
If what Robert4 meant was €35K is 7.5% for each of 3 years, in other words 22.5%, then Slim's amount of €5.8k would be correct, perhaps Robert could clarify.
Do you mean to say that the amount to be repaid is the total amount due on the loan pro-rated for the time spent in the home under FD?
But why would the HSE have lent 17.5k if the cost of the care was only 10k?
Hello and thanks for the replies, apologies, I did not express myself properly..what I mean is..if a person in the Fair Deal scheme dies after 6 months, with amount paid being 10k, is that ALL that is due to HSE, or do they automatically take 7.5% value of the house ??
Ok...again thanks for replies..the HSE answered my question...only the amount paid to a nursing home at time of death is owing..so..lets say FOR EXAMPLE ONLY...7.5% of value of house is 30k...but only 10k has been paid at time of death...only 10k is owing...
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