On the 15/16/17 October, Blevins Franks International, held clinic sessions for interested persons on Gran Canaria. The result was a significant number of appointments and, as a representative of Goldacre Estates, one particularly happy client.
The conditions and requirements of “Seniors Money” – the releasing of equity in your property for the over 60’s – were very ably detailed by the Blevins Franks representative, Richard Smith. There are several potential reasons for wanting to do this, all of which are eligible in this scheme. You may wish to supplement a shortfall in income, or to carry out home improvements, you may need medical care, or you may want to take that holiday of a lifetime or indeed you may simply wish to help your family or dependants now.
The Seniors Money Lifetime Loan is designed to help people increase their income in retirement to do any of these things, and once one partner reaches the age of 60, you and your property may well meet the criteria for this loan. The loan is based on percentages of the property value with a minimum loan of 40,000 euros. This loan is not repaid until you sell the property, or until both partners have moved on to higher places, and…. you can top up the loan each year.
For more information contact Emma Cunliffe on emmac@goldacre-estates.
