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Fair Deal Scheme - Are liabilities considered in application

Middleage Fanclub · 2022-12-08 15:34:59

Hi, currently going through the FDS process and HSE are telling me that the applicants liabilities (a loan) is not considered when calculating her contribution from her principle residence. If this is correct, would it be better to sell the residence to pay off the loan and then the remainder would be considered as the new…

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08-12-2022 4:34pm

#1

Middleage Fanclub

Registered Users Posts: 87 ✭✭

Join Date: July 2014

Posts: 59

Hi, currently going through the FDS process and HSE are telling me that the applicants liabilities (a loan) is not considered when calculating her contribution from her principle residence. If this is correct, would it be better to sell the residence to pay off the loan and then the remainder would be considered as the new asset figure the FDS use to calculate the monthly contribution?

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