It is a product aimed at people over 70 years, through which they can obtain a monthly income through the transfer of the bare legal title of a house, that is, retaining the right to use and enjoy it.
The amount of rent varies depending on the value of the house and the age of the applicant. If there is more than one owner, the rent is calculated according to the person with the highest life expectancy.
FLEXIBILITY:
It allows to adapt the rent to a limited period or to the whole life, as well as to have an extraordinary capital initial. In addition, if at any given time the elderly person decides to waive the usufruct of the house the rent will increase automatically.
SECURITY:
The transaction is signed in front of a public notary and in the form of a notary deed, by means of a condition clause, it is guaranteed that the senior person would recover the full ownership of his property in case he failed to receive the monthly rent.
SAVING:
You do not pay any amount for the transaction. In addition you stop paying the council tax, the insurance of continent and the extraordinary spills of the Community of proprietors. And if you are over 70 years old, 92% of the amounts received through the annuity are exempt from income tax.
Examples of annuities, remaining at home:
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