RT info:eu-repo/semantics/report
T1 Study on Equity Release Schemes in the EU: Project No. MARKT/2007/23/H, Part I: General Report
A1 Reifner, Udo
A1 Pérez Carrillo, Elena Fátima
A1 Achim, Tiffe
A1 Knobloch, Michael
A2 Derecho Mercantil
K1 Derecho
K1 Derecho Mercantil
K1 European Union
K1 Equity Release Schemes
K1 Hipotecas inversas
K1 Rentas vitalicias
K1 Pensiones privadas
K1 56 Ciencias Jurídicas y Derecho
K1 5605.03 Derecho Mercantil
AB [EN] Equity Release Schemes (ERS) transform fixed assets in owner occupied dwellings into liquid assets for private pensions. They thus enable a homeowner to access the wealth accumulated in the form of his or her home, while being able to continue to live in it. An illiquid asset becomes a source of liquidity, mainly for consumption purposes. They can take two different forms: Loan Model ERS, also known as reverse mortgages or lifetime mortgages, provide a loan that will eventually be repaid from the sale proceeds of the property. Sale Model ERS, also known as home reversions, involve an immediate sale of the property but provide for the right to remain in occupation and to use the cash price for income in retirement. The terms of reference of this project, set out in the tender, require a focus on schemes provided as financial services, excluding both private arrangements and arrangements with the primary purpose either of real estate purchase or the provision of care for the elderly. Although the purpose of ERS may be achieved by means of virtually any form of loan, lease or sale (second mortgages, overdraft credit, leases, sale and lease-back or saleand- move arrangements) the research targeted only products that were exclusively designed as ERS.
LK https://hdl.handle.net/10612/18296
UL https://hdl.handle.net/10612/18296
NO Estudio sobre productos de liberación de activos en la UE: Proyecto (Comisión Europea, Dirección General Mercado Interior) 2007/23/H, Parte I : Comentario adicional
DS BULERIA. Repositorio Institucional de la Universidad de León
RD 19-may-2024