Equity release pensions take off in Spain
News
A new wave of products is starting to hit the Spanish market, which allows retirees over the age of 60 to top up their pensions using their house (or part of their house) as collateral.
Termed a hipoteca inversa, or reverse mortgage, only a handful of savings banks provide the product at the moment - but Rosa Carneros, product manager at Caixa Sabadell, one of the first companies to offer the product, says that interest in the concept is growing. Carneros likens the idea to an endowment mortgage
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net