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Equity Release

Posted: Thu Feb 20, 2020 3:19pm
6 replies66 views3 members subscribed
Brian and Sharon

Posts: 7

Location: Ronda

Joined: 2 Jun 2019

Has anybody got any experience of Equity Release in Spain and, if so, what was your experience like? Many Thanks

AndyP

Posted: Fri Feb 21, 2020 8:11am

AndyP

Helpful member

Posts: 264

171 helpful points

Location: Estepona

Joined: 7 Oct 2016

Posted: Fri Feb 21, 2020 8:11am

I don't know this as absolute fact so don't take it as such however I was speaking to somebody fairly recently about this very subject and he (something of a financial insurance mortgage expert) said that compared to the UK the Spanish financial market is very naive, young, underdeveloped and simply doesn't have the range of financial products that are the norm in the UK market. He said that equity release simply doesn't yet exist here. But, as I say, don't take that as fact. It was simply a conversation......

Brian and Sharon

Posted: Fri Feb 21, 2020 3:24pm

Brian and Sharon

Original Poster

Posts: 7

Location: Ronda

Joined: 2 Jun 2019

Posted: Fri Feb 21, 2020 3:24pm

AndyP wrote on Fri Feb 21, 2020 8:11am:

I don't know this as absolute fact so don't take it as such however I was speaking to somebody fairly recently about this very subject and he (something of a financial insurance mortgage expert) said that compared to the UK the Spanish financial market is very naive, young, underdeveloped and sim...

...ply doesn't have the range of financial products that are the norm in the UK market. He said that equity release simply doesn't yet exist here. But, as I say, don't take that as fact. It was simply a conversation......

Thanks Andy,

I am aware of this and also aware of the possibilities. 

I was hoping to connect to someone who has done what I am planning to do.

Muchos Gracias,

Brian

Kerri

Posted: Wed Feb 26, 2020 5:51pm

Kerri

Helpful member

Posts: 539

237 helpful points

Location: Estepona

Joined: 5 Sep 2018

Posted: Wed Feb 26, 2020 5:51pm

I know you are seeking someone who has done this but it seems like people want to but may not proceed for various reasons.  The following link explains although it is 2016 so things may have changed somewhat.

https://www.spanishpropertyinsight.com/discussion/forum-topic/equity-release-in-spain/

You may also have found this information but it confirms the link above and also would explain why you cannot find anyone who has done this in Spain.

https://www.imsmortgages.com/mortgage-calculator/equity-refinancing/

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Brian and Sharon

Posted: Thu Feb 27, 2020 8:55am

Brian and Sharon

Original Poster

Posts: 7

Location: Ronda

Joined: 2 Jun 2019

Posted: Thu Feb 27, 2020 8:55am

Kerri wrote on Wed Feb 26, 2020 5:51pm:

I know you are seeking someone who has done this but it seems like people want to but may not proceed for various reasons.  The following link explains although it is 2016 so things may have changed somewhat.

https://www.spanishpropertyinsight.com/discussion/forum-topic/equity-release-in-spain/

You may also have found this information but it confirms the link above and also would explain why you cannot find anyone who has done this in Spain.

https://www.imsmortgages.com/mortgage-calculator/equity-refinancing/

Thank you Kerri,

I'll check this out. I do know of people on the East Coast (Alicante) who have. Was hoping to find someone around here.

Regards, Brian

Kerri

Posted: Thu Feb 27, 2020 5:42pm

Kerri

Helpful member

Posts: 539

237 helpful points

Location: Estepona

Joined: 5 Sep 2018

Posted: Thu Feb 27, 2020 5:42pm

Brian and Sharon wrote on Thu Feb 27, 2020 8:55am:

Thank you Kerri,

I'll check this out. I do know of people on the East Coast (Alicante) who have. Was hoping to find someone around here.

Regards, Brian

Hi Brian,

If you find information from a real person who has done this would be fab if you could post it for the rest of us to know in future.  Thanks and good luck!

Kerri

Brian and Sharon

Posted: Fri Feb 28, 2020 9:01am

Brian and Sharon

Original Poster

Posts: 7

Location: Ronda

Joined: 2 Jun 2019

Posted: Fri Feb 28, 2020 9:01am

Kerri wrote on Thu Feb 27, 2020 5:42pm:

Hi Brian,

If you find information from a real person who has done this would be fab if you could post it for the rest of us to know in future.  Thanks and good luck!

Kerri

Hi Kerri,

I will do...............currently checking it out with a company in the east.

Best Wishes,

Brian

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