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 News from the financial sectors in Spain and the Canary Islands Seniors Money The Strength Behind Seniors Money Lifetime Loans Many retired British expatriates living in Spain will have heard of equity release – turning capital locked in their homes into cash. The money raised can be used to increase income, to meet urgent and necessary expense or to purchase luxuries. Seniors Money launched in Spain in summer 2006 provides the means for you to release the equity from your Spanish home in the form of a safe and flexible lifetime loan.  As Ireland was found to have similar demographics to New Zealand, with high levels of correlation and similar attitudes to property and inheritance, Seniors Money International set up its European headquarters in Dublin. Indeed, it is interesting that statistics from all the countries where Seniors Money operates reveal that people’s reasons for obtaining a lifetime loan are similar. For instance, the majority of people apply for a lifetime loan to use on home improvements. In Spain the figure is 35 per cent, over twice as many as apply for a loan for holidays, car purchase or income, which all come in at 14 per cent. It is a similar picture elsewhere. The figures for home improvements are: New Zealand 54 per cent - Australia 51 per cent - Ireland 55 per cent. For holidays: New Zealand 26 per cent - Australia 21 per cent - Ireland 29 per cent. Car purchase is also a comparable main reason for taking out a lifetime loan: New Zealand 27 per cent - Australia 28 per cent - Ireland – 20 per cent. Extra income is also quite high in the statistics, particularly for New Zealand 21 per cent and Ireland 24 per cent, with Australia on a par with Spain at 14 per cent. Most retirees receive a pension as a regular income, and some have income through prudent investments, but there is often the need for more as the cost of living continues to rise. A Seniors Money Lifetime Loan can in fact be used for anything you wish. Not only home improvements, new car, holidays and income; but also, for example, medical expenses, offspring’s wedding or help with first house purchase; grandchildren’s education or business set-up, debt repayment or consolidation. A Seniors Money Lifetime Loan is available for all retirees aged 60 or over on their main home in Spain. Where there are two nominated residents in the household one can be as young as 55 years. It is distributed and arranged in Spain through Blevins Franks International. Established over thirty years ago, Blevins Franks International has twelve permanent offices located in Spain and is a leading provider of tax and investment planning services to retired expatriates living in southern Europe. With the Seniors Money arrangement Blevins Franks has effectively responded to the key needs of retired expatriates living in Spain where so much individual wealth has become locked into their property. For full details on the Seniors Money Lifetime Loan call freephone 900 900 096 (Mon-Fri 8am-4pm).
| Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more... Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more... La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more... Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more... Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...    Banish the blues They tell us that this is one of the most depressing times of the year more...   | Elektronische Zigarette Kombiangebote Elektronische Zigarette 8,9cm mit der E-Zigarette Classic www.elektrische-zigarette.eu Holiday car Tenerife We have been in the rent a car business since 1976 in Tenerife. Our experience - your advantage. www.hermanns-cars.com Electronic Cigarette The Electronic Cigarette SLIM is recommended for smokers with few consume, occasional smokers and to go. www.liquid-shop.eu Real Estate Tenerife Tenerife Real Estate is your partner on Tenerife for penthouses, properties, fincas or business-pubs for the purchase and sale of villas, chalets, houses, appartements. www.teneriffa-immobilien.es ic media group |
