Reply To: Equity release on Spanish property?

Mark Stücklin

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.