The value of your home is not taken into account as long as you continue to live there. This means if you are receiving care and support at home, the home you live in will not be considered part of your savings and investments.
The value of your home is usually taken into account when you move to residential care. It will be counted as savings or investments, so if you have over £23,250 equity in your property, you are likely to be charged the full cost of your care.
In certain conditions your home can be 'disregarded'. This might be because your partner or a dependent that has been living with you will continue to live there after you move to residential care. The Money Advice Service has further information on financial assessment for residential care, including what happens if you jointly own your property.
If the value of your home is taken into account, you will not have to sell it in your lifetime. You can choose to access our Deferred Payment Scheme, which gives you the flexibility to choose when your home is sold. There is a fee and an interest charge for this scheme.