Reply To: Equity release on Spanish property?

#188703
Mark Stücklin
Keymaster

Hi Santafe,

Sorry about the slow response. It’s that time of the year. Same goes for all the other questions on the board awaiting a response.

Your mortgage adviser has it right. You won’t find a bank to make you an equity-release loan, though I’m not sure that it’s actually illegal.

Can you find a British bank willing to lend against your property in Ibiza. To be honest I don’t know, but I would be very surprised.

Another way to release the equity in your home in Ibiza is to sell it. If you bought well three years ago I would imagine you’re sitting on some capital gains by now.