Hipoteca Inversa - Óptima Mayores

• Is a form of equity release scheme which provides you with regular payments while you remain in your property for life.
• You can to cancel the mortgage in any time.
• Gives you the choice of a cash lump sum or a lifetime income, or a monthly payments during a period of time.
• In has a very favourable tax situation.

You can find answers to many of your doubts by visiting our Frequently Asked Questions.

The Lifetime Mortgage it is a loan secured against your property available to people over 65 years old, that provides you with a lifetime income, or with a monthly payments during a period of time, while you retain full ownership of your home.

It will have no monthly repayments to meet until the home owner pass away. At that point the inheritors will inherit the home and the debt, and they will be able to liquidate it by selling the home, or by taking on a new mortgage, or with their money. The debt will be the sum of the regular income received plus the interests that has been rolled up during the period of the loan.

However the loan can be cancel by the home owner at anytime.
Since it is a loan, tax is not incurred on the monthly income.