Equity release loan: ‘The rates didn’t work for me’

Retired farmer Penny Stevens looked into getting an equity release loan

Connexion often receives requests for information about equity release in France. We talk to a reader in Brittany who says she gave up on it (twice) because it was too bad a deal

The main form of equity release in France that suits older people wanting to release funds from the value of their home is the prêt viager hypothécaire.

Retired farmer Penny Stevens, 80, who has lived in Brittany since 1998, said that as she has no children she was initially looking for a way to avoid leaving her home in a will to someone who would have to pay 60% inheritance tax on it.

She had looked into an en viager sale – allowing her to continue living there until her death – but it was “ ...

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