EQUITY RELEASE FUNDING

SECURITY GUARANTEED

RETURNS 40% TO 70%*

20 YEARS+ EXPERIENCE

*Pre-tax return.

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EQUITY RELEASE PROPERTY INVESTMENTS

- SAVINGS OR PENSION POT JUST ABOUT KEEPING UP WITH INFLATION? THERE ARE ALTERNATIVES -

A.S.K Legal Services have over 20 years experience of assisting clients to invest in Spanish property, and we invest ourselves in equity release properties in Spain. We now offer you the same opportunity with the same security of these GUARANTEED* opportunities.

*Guaranteed by registered freehold legal title.

Read on to learn a little more, and when ready contact us for an informal chat about current opportunities and how this type of purchase works in general. We have hands-on experience of our own Spanish equity release purchases (and sales).

ABOUT EQUITY RELEASE PROPERTY PURCHASING.

You have probably heard of "Equity Release". It is where a home owner sells a property, but can continue to remain in their property until their death (or enter long-term care).

But have you ever wondered where the money comes from to pay the homeowner? In Spain it is not always a Bank or other large financial institution. With equity release in Spain, individuals can provide the current homeowner with the funds.

You effectively purchase a freehold property in Spain from our recommended portfolio of equity release properties. Just the same as you would do if purchasing a property for yourself. There is no difference in the legality or legal rights you have to the property, except of course you cannot do anything with the property whilst the current owner is living in the property.

HOW DOES IT WORK?

As a respected and established Law Practice in Spain, we have provided several homeowners with the lump sum funds, in return for guaranteed Freehold ownership of their properties, subject of course to the owner being able to enjoy their property for the rest of their life, or until they have to leave their property permanently. At that point the property can be sold at the current market.

We have purchased such properties ourselves and enjoyed very profitable returns from 45% up to 60%. Instead of leaving your money to make relatively small annual gains in a pension plan or savings, there is no reason you cannot receive the same high returns over a similar period.

And don't worry that it is a complex transaction. WE HANDLE EVERYTHING and we lead you through the whole legal process in plain native English. From your point of view, it is as easy signing a few documents and making a bank transfer. It is even easier than buying stocks and shares.

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THE REWARDS

Apart from the 'feel good factor' that you get from genuinely helping someone to be able to stay in their property and enjoy the rest of their life in Spain, the return on your investment would normally be between 40% to 80% (or more*), depending on the investment property and the length of time the current owner remains. The portfolio of properties normally requires from €50,000 euros up to €600,000+. So these are not small financial commitments, but the rewards are not small either.

*Pre-tax profit - Based on our own investment returns and client's equity release properties already sold.

CAN I PURCHASE TOGETHER WITH FRIENDS & FAMILY? Absolutely YES. The more people that purchase the same property makes it more affordable for each individual and of course all receive the same legal title guarantees, and all share in the final sale price according to their initial share. For example you could have 5 people investing 20% each and each receives 20% of the final property sale proceeds.

TIMESCALES

Each property has a different criteria, but you will be provided with an idea of timescale based on the age and health of the owner. But even then, there´s no knowing for sure. As an example, we purchased a property and estimated that it would be around 5 to 7 years before we could sell the property. As it turned out, we were able to sell after just 2 years, with a 45% pre-tax profit.

Also be mindful that generally speaking, the longer the timescale, the bigger the final return you receive when the property is sold, obviously subject to property market fluctuations, but the capital value of Spanish property has risen steadily over a long period of time.

I AM A HOMEOWNER (not a purchaser).

If you are the owner of a Spanish property and want to release equity to enjoy your retirement free of financial stress, please do contact us for an informal chat.

We invest in Spanish properties ourselves and as you can see above, we also have clients ready to purchase your property. You will receive a lump sum of money straight into your bank account and can continue to live in your existing property until you die, enter long-term permanent residential care, or you want to leave your current property voluntarily. Your property will be formally valued by a Spanish property valuer and the suggested sale value is approved by you.

EXAMPLE (genuine opportunity 2023)

COSTS AND TAXES

More or less the costs and taxes are the same as if you were purchasing a Spanish property for yourself. We estimate you allow between 13% and 15% in addition to the investment value, including all the fees (including ours) and Spanish stamp duty. Those figures could be viewed as maximums because in some provinces of Spain the stamp duties are lower than others. Other taxes and costs will of course apply when you eventually sell the property. But at each stage oof purchase and sale, we advise and deal with everything on your behalf. Or of course you can use your own Lawyer or Accountant.

WHAT IF YOU DIE BEFORE THE CURRENT OWNER?

Should die before the current owner of the property, your ownership of the property would pass to your Beneficiaries according to your Last Will and Testament in the normal way (or if no Will according to the Intestacy laws in your home country). An equity release property is treated like any other property that you may own, except that the terms and conditions pass to your Beneficiaries, so they also cannot do anything with the property whilst the previous owner remains in the property.

THE RISKS

There is no more risk than if you purchased a property in Spain for your own use, in other words very little risk. All property values are of course subject to market fluctuations over time +/-. But we only offer you genuine properties at a fraction of the current market value, properties that we would invest in ourselves (and have invested in already).

A.S.K Legal Services and our specialist legal team handles all the Conveyancing process on purchase* and if you wish, on sale. But remember that you are purchasing the actual Legal Title (Freehold) of the property, so there is no risk as to the freehold ownership held and registered in your name at the Property Registry the same as any other property.

*Our Lawyers must be used for the purchase to ensure your security.

IS A.S.K EQUITY A REGULATED INVESTMENT FIRM?

We are not a regulated investment firm like you need to purchase stocks, shares, bonds etc, nor do we have to be. At the end of the day we act more like an estate agent, plus the benefits of iron clad professional Legal services to help you purchase a Freehold property in Spain. Exactly the same way as we have helped over 1,500+ clients over the past 20 years. Your funding (your money) does not pass to the current property owner until the completion day which is supervised by a state registered Spanish Notary. On that completion day, you pay for the property and at exactly the same moment, the new property Deeds (ownership) pass to you. There is no gap between you paying and you being the property owner.