"In Italy 1 million elderly families have a low income but own a house of medium-high value" . This is what emerges from the study by the Observatory of the Cariplo Foundation "House rich Cash poor" presented today in Milan as part of a conference attended by the institution's president Giuseppe Guzzetti and head of Intesa Sanpaolo's Banca dei Territori, Stefano Barrese.
At the center of the analysis is a question: how to make the wealth represented by the house liquid and plan solutions in time to support the many elderly people, with low incomes but who own a house, to face the costs associated with assistance , increasingly on the rise. Starting from the main data that emerged from the study: 21% of elderly families who live in their own homes have low or no savings, but more than a third of these families live in a home worth more than 200 thousand euros.
“We have a duty to think about the future of the elderly and their families, on how to reconcile, also through new financial instruments, the use of properties according to the daily life of the elderly - said Guzzetti - we must know how to anticipate needs and know the demographic trends in the coming years allow us to prepare in time”.
Based on what has emerged, an important tool for making real estate assets liquid is the life mortgage loan, a form of financing reserved for over 60 owners of a property that allows you to obtain a loan by mortgaging the property. “Intesa Sanpaolo – explained Barrese – was one of the first banks to conceive the life mortgage loan which makes an important instrument of family finance and intergenerational solidarity available to the over 60s, a solution which envisages the involvement of the entire family for its well-being and for a better quality of life thanks to an income deriving from one's own home, of which ownership is maintained. An innovation - he concluded - with characteristics of ethical finance that goes beyond the sale of properties in bare ownership, to protect the family balance and the serenity, including economics, of the elderly". To date, with regard to this type of loan, the Intesa group has disbursed 30 million euros for a total of 200 contracts, with an average denomination of 150 thousand euros.
