Equity Release
Has anybody got any experience of Equity Release in Spain and, if so, what was your experience like? Many Thanks
Has anybody got any experience of Equity Release in Spain and, if so, what was your experience like? Many Thanks
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......
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...
Read more...
...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
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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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/
Read more...
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
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.
Read more...
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
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!
Read more...
Kerri
Hi Kerri,
I will do...............currently checking it out with a company in the east.
Best Wishes,
Brian
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