equity release
what is equity release?
This is the ‘catch all’ title for many types of product that can be used for;
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‘Cash Out’. Where you require capital released from your property
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Income generation using the capital in your property
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Inheritance Tax mitigation
There are basically 4 generic product types than achieve one or all of the above requirements, and these are summarised as;
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Mortgage. An ordinary, plain mortgage!
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‘Lifetime’ Mortgage. Interest is capitalised (rolled up and added to the initial mortgage) so there is no monthly payment to make.
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‘Reversion’. Where you ‘sell’ the house for a percentage of the value (age dependent) BUT retain a lifetime tenancy i.e. the right to stay in the property
- ‘Equity Release’. These are specific schemes geared for
- ‘cash out’,
- to eliminate mortgage payment obligations and
- to mitigate against IHT. These are a Mortgage/Investment combination.
If you would like to speak with a representative to discuss your requirements please call +(34) 677 874 948
Loans may be subject to status. A suitable life policy may be required. Mortgages arranged in Spain are not subject to the mortgage code. Be sure you can afford the repayments before entering into any credit agreement. Information on this site is believed to be correct at time of issue and subject to change without notice. Any quotation issued is not an offer of a mortgage.
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