Lifetime loans


This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of philocd philocd 1 year ago.

  • Author
  • #191587
    Profile photo of Richard


    I’m looking into arranging a Lifetime loan for my parents. Can anyone recommend a bank/lending institution that offers Lifetime loans? They are in Andalusia near Mojacar. Thanks!



  • #191685
    Profile photo of Mark Stücklin
    Mark Stücklin

    Richard, I don’t know of any lenders in Spain who offer life-time loans. The mortgage market here is nothing like the UK. You can try a mortgage broker, maybe better luck with one of them.

  • #191756
    Profile photo of philocd


    As you have noted, the Spanish mortgage market is very different to the U.K. market.

    However, this sort of subject, (equity release/lifetime loans), is likely to become more frequent as time passes. (Two posts in the last week or so, and we are all getting older).

    Would it not be a good idea to ask one of the friendly lawyers on here to post a few lines on the subject ?

    I understand that Spain has a system similar to the French “viager” process, which can be viewed as an equity release system, through a combination of part capital and part future income. From what I have read on the subject, the process is managed by insurance companies in Spain.

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