Amortization-free real estate loan / loan amount can be paid out as a lifelong annuity / you remain the sole owner of your property / real estate annuity is in great demand
Are you considering how you can rent your property?
Various providers are vying for your attention these days. They advertise various ways in which you, as a property owner, can rent your house or condominium. As the owner, you don’t pay any rent. Provided that you have paid off your property, your financial expenses for housing are limited to energy costs, property tax and the maintenance of your property.
You can also rent out your real estate. There are different models for this. I am Jens Schmidt (53), a credit expert at Allianz and I would like to draw your attention to a special solution, but more on that later. First of all: What kind of retirement options are there anyway?
1. Real estate sale with registered usufructuary right
The right of usufruct guarantees you a right to property. If you are a beneficial owner, you can use the property or rent it out. If the succession is anticipated, future heirs (your children?) Will own the property, which you, as parents, would like to continue to use. The usufruct is then entered in the land register in favor of the parents. The owner of a usufructuary right cannot inherit or sell it. This right expires with the death of the beneficial owner.
2. Partial sale of your property
In the case of a partial sale, you usually sell 50% of your property. So you are only part owner, specifically about the unsold portion. Nevertheless, you can use your property alone in the future.
You will receive the purchase price for the sold part immediately. However, so that you can continue to use the sold part, which no longer belongs to you, you have to pay a permanent monthly usage fee in the form of a kind of “rent”. At around 3% of the purchase price, this is relatively high and often not fixed for life. There are additional costs associated with the partial sale and possible repurchase of the sold part, which you must bear. In addition, you will have to bear the expenses for maintenance and property tax yourself in the future as well.
3. Life annuity
You receive an annuity from a buyer who takes ownership of your property. He will be responsible for repairs in the future and will also pay the property tax. Commercial providers generally require a minimum age of 65 to 70 years for this model. In return, you receive a usufructuary right and can use the property for life. The right expires when you die. Your heirs get nothing: the property already belongs to someone else. Possible exception: You have agreed a pension guarantee period, for example 10 years. If you die during this time, your heirs will receive the remaining amount that you would have received during the guarantee period.
4. Reverse Mortgage
When you buy a property, you usually take out a loan. You then pay back this loan in regular installments. This form of financing is also called “mortgage” or “mortgage loan”. In practice, the bank usually does not secure the loan with a mortgage, but with a land charge. The term still comes from this time and has established itself in linguistic usage. If you reverse the regular payments, the mortgage becomes a so-called reverse mortgage: the property owner and the credit institution agree on a real estate loan agreement (i.e. secured by a land charge in the land register). The bank then pays a real estate rent to you as the owner.
Now I like to let the cat out of the bag:
The financing model I’m about to introduce to you today is probably the closest thing to a reverse mortgage. Specifically, I would like to show you the advantages you can enjoy when you combine the new Allianz BestAger loan with Allianz’s lifelong instant pension. The product provider only recently approved this combination of investments.
I am pleased that I have already made several customers happy with this investment concept. The bottom line is that my clients let their property work for themselves, remain 100% sole owners and enjoy a monthly lifelong annuity payment that they would otherwise not receive. The bottom line is that from my point of view, the concept has many advantages:
Step 1: The BestAger loan for you aged 60 and over
You will receive the Allianz BestAger loan if you are at least 60 years old (are you married? Then it is sufficient if one spouse is at least 60 years old). Your property should be unencumbered; in exceptional cases, a removable prior debit of 10% of your property value is permitted. Your pension (or future pension) should be at least around EUR 700 per spouse; if you are single, it should be EUR 1,000 per month.
If you wish, you can get the BestAger loan repayment-free. As a borrower, you do not necessarily have to repay it during your lifetime. Your monthly loan installment then only contains a favorable interest component, which is currently (as of December 1st, 2021) around 1.5% effective (loan amount depends on the amount of the loan, the location of the property and other factors, please request one for yourself valid individual offer to me).
Let’s assume that you – like almost all of my customers – opt for a redemption-free option and use the full limit, you can receive up to 40% of the property value we have determined as a one-off payment.
Step 2: The Allianz Lifelong Immediate Pension
The lifelong immediate pension is a pension concept that guarantees you a monthly pension payment. The prerequisite is a one-off contribution that you pay into the contract. This is where the combination with the BestAger financing comes into play. You leave the money from the loan at Allianz. This means that you are stress-free when it comes to placing your money on the capital market and you can enjoy a monthly pension. This even increases from year to year. The actual monthly payout amount even includes an additional bonus right from the start. In this way, you participate in the value development of your retirement provision right from the start.
The older you are to get started, the higher the immediate pension. The highlight: Even if the capital you have paid in from the loan has long been used up by ongoing pension payments to you, you will continue to receive your pension – until the end of your life. In the case of married couples, both are included in the contract. Payment is then made until the last spouse dies.
The possibility of you dying at short notice is also included in the payout process. You can choose a pension guarantee period of 5 to 10 years. If you die before that, your heirs will receive the sum of the pension guarantee amounts that have not yet been paid out for this period.
The combination of the BestAger loan and lifelong immediate annuity is the right combination for you, if
a) You want secure monthly payments without having to manage your capital yourself,
b) You want to remain the sole owner of your property without selling it,
c) A permanent (lifelong!) monthly pension is more important to you than a large amount of money and
d) You value the security of being “liquid” for a long time to come thanks to monthly payments.
Have I promised you too much? The combination of these two products (which legally stand on their own) offers you numerous advantages. You have to find out for yourself whether and in what way this offer suits you. I will be happy to advise you and you will receive free, non-binding offers from me. Both the Allianz BestAger loan and the lifelong immediate annuity can be paid out conveniently and easily from home with me – either as a combination, or just one of the two, whichever suits you.
I look forward to your inquiry – always free of charge, always non-binding.
You will then receive a written offer from me and then decide for yourself.
BestAger Loans
Contact for your inquiry from all over Germany:
Jens Schmidt, Tel. 0421-83673100
E-mail:
Responsible for this press release:
Allianz main agency Jens Schmidt
Mr. Jens Schmidt
Alfred-Faust-Str. 17 c
28277 Bremen
Germany
fon ..: 0421-83673100
fax ..: 0421-83673129
web ..: http://www.darlehen-im-alter.de
email : 
Jens Schmidt is a tied real estate loan broker according to § 34i Abs. 1 S. 1 GewO, registered in the broker register. His entry can be viewed at www.vermittlerregister.info
The purpose of the register is, in particular, to enable the general public to review the authorization and the scope of the authorized activities of those subject to registration. It thus ensures transparency and strengthens consumer protection.
– Best Ager Loans
– Allianz BestAger loan
– Granting of loans to pensioners
– Mortgage loans for senior borrowers
– Long-term loan from 60 years
– Alternative to partial sale, annuity, right of usufruct
– Get money in old age
#bestager #bestagerdarlehen #darlehen #retnerdarlehen # kreditab60
Press contact:
Allianz main agency Jens Schmidt
Mr. Jens Schmidt
Alfred-Faust-Str. 17 c
28277 Bremen
fon ..: 0421-83673100
web ..: http://www.darlehen-im-alter.de
email :
–
Mr. Jens Schmidt, Alfred-Faust-Str. 17 c, 28277 Bremen
