Your Reverse Mortgage with Grupo Retiro

We offer expert advice to help you optimise your financial resources and enhance your retirement income

  • Helping seniors since 1996.
  • Over 52,000 people have received expert advice on how to make their homes profitable.

What is a Reverse Mortgage?

A Reverse Mortgage is a financial product designed for homeowners aged 65 and older. It is a mortgage-secured loan wherein the Financial Institution provides the homeowner with a monthly income. The distinguishing feature of this arrangement is that the borrower, typically a senior citizen, is not required to repay the loan or accrued interest as in a regular mortgage. Instead, the accumulated debt is deferred until the borrower’s passing, at which point it becomes due.

There is also the option to receive an initial lump sum payment upon signing the deed.

Sell your home and continue living in it for life

Immediate Liquidity
Immediate Liquidity
To be able to pay off your debts
To be able to pay off your debts
Improve your standard of living
Improve your standard of living

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Have any questions? We assist you by conducting a personalised study

Requirements to obtain a
Reverse Mortgage

  • You must be over 65 years old.
  • You must be the owner of a house

Contact us to discuss your specific case, no obligation required.

Advantages and guarantees when you choose a Reverse Mortgage

This means the property will remain part of your assets and, eventually, will be passed on to your heirs.

You will receive a monthly payment for life or a lump sum upon signing, with no obligation to pay anything to the bank for as long as you live. Additionally, this transaction enjoys the backing of the country’s leading banking and insurance institutions.

If you wish, you can request an initial amount to cover any outstanding expenses, to set aside for future unexpected events, to assist a family member, or to treat yourself to something special (such as a trip, a gift, etc.). You will also have the option to pay off the mortgage at any time, should you decide to sell your house, for instance. Alternatively, you can rent out your home if you do not need to use it; in this case, the rental income would be added to the income you will receive from the Reverse Mortgage.

Reverse Mortgages are tax-exempt, meaning you won’t have to pay any taxes on the monthly payments you receive.

The Reverse Mortgage will be formalised through a deed before a notary and registered in the Property Registry.

After your passing, your heirs can settle the debt through various means, benefiting from the difference between the debt and the property’s value. Banking institutions design the product to ensure this difference is significant, allowing heirs to repay the loan without complications.

The Reverse Mortgage Law

Grupo Retiro, the ideal solution for your needs

Grupo Retiro is the ideal solution for your needs. Our team of experts in various fields—law, real estate, economics, and more—will work closely with you to provide the best and most beneficial solutions with your interests in mind.

Our expert team will carefully evaluate your unique situation to determine which of our specialised real estate services—Sale with Guaranteed Rent, Sale of Bare Ownership, Reverse Mortgage, or Real Estate Life Annuities—will best meet your needs and maximise your financial benefits, helping you secure the optimal solution to complement to your retirement pension.

Real Estate Life Annuity

  • Get the most money out of your home. Receive a monthly income for life whilst continuing to enjoy and live in your own home. In addition, you’ll be exempt from paying certain property expenses and taxes.

Sale of Bare Ownership

  • Transfer ownership of your home in exchange for a one-time payment
  • Reserve the right to remain in your home for as long as you live.

Sale with Guaranteed Rent

  • Sell your home and be its tenant. This will allow you to capitalise on the money obtained from the sale, without leaving your home.

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