Reply To: Equity Release in Spain

Anna GG

Dear Mark

I live in the UK with no intentions of moving. I’m in the midst of inheriting an Spanish city centre apartment fortunately valued at a lower figure than its true market value for Spanish inheritance tax. I would love to keep the apartment as an investment and rent it out.

However the inheritance tax bill is around €200,000. Is it possible to re-mortgage the apartment? There is no outstanding mortgage or loans against it. Any suggestions please on how I could finance this?