PENSIUM TESTIMONIALS
We explain in detail and in figures the situations in which Pensium can help you pay for a nursing home
REAL CASE 1: The Story of M.V.
81 years old · Dependency Grade II · Barcelona
INITIAL SITUATION. NEEDS TO BE COVERED
· M.V. needed to move into a nursing home to receive continuous care.
· The family home, a flat shared with her children and valued at €195,000, required renovations costing €7,000 before it could be rented out.
· The family needed supplementary income in addition to her pension of €1,300.
THE PENSIUM SOLUTION:
Periodic contributions
€1,300 per month guaranteed, delivered every six months. Adjusted annually in line with the CPI.
Renovation financed at no upfront cost
€7,000 advanced by Pensium to renovate and rent out the property in the best possible conditions.
Rental managed by Pensium
The family retains ownership of the flat. Pensium rents and manages it until the debt is fully repaid.
HOW DID WE DO IT?
We carried out a valuation of the property for rental purposes, conducted a personalised study based on the family’s needs, presented the proposal, and signed the contract before a notary. The entire process was completed in under one month, and the family was able to secure a nursing home place quickly with guaranteed payments.
KEY BENEFITS:
· Immediate care without selling the property.
· Family assets protected.
· Full rental management, worry-free.
· Programme cancellation whenever the family wishes.
FAMILY TESTIMONIAL:
“Thanks to Pensium, we were able to act quickly without giving up my mother’s home. Everything was clear and straightforward.”
Operation financed by Pensium Direct, S.L. through a credit secured by possession of the property exclusively for its use as a rental, with the aim of using the net rental income to repay the acquired debt.
REAL CASE 2: The Story of C.B.
86 years old · Dependency Grade II · Madrid
C.B., 86 years old with Dependency Grade II, owns a flat in Madrid valued at €210,000.
He needs to move into an assisted nursing home and requires supplementary income in addition to his monthly pension of €1,600.
His property requires renovations estimated at €4,000.
How can Pensium help?
– After a property valuation, it is estimated that the flat can be rented for €850 per month.
– Since a higher monthly amount is needed to pay for the nursing home, the family formalises the Pensium programme with contributions of €1,600 per month. Upon signing the contract, they immediately receive 6 months of contributions in advance (€9,600), so C.B. can move into his chosen nursing home straight away.
– Subsequently, they will receive 6 monthly instalments every 6 months, revalued annually in line with the CPI throughout the duration of the programme.
– The property is handed over to Pensium solely for rental management. C.B. retains ownership.
– Pensium also advances the €4,000 for renovations so the property can be rented in the best possible conditions. Once renovated, it is put up for rent.
– C.B. continues to receive the contributions needed to pay for the nursing home, and the family does not have to deal with anything.
What steps need to be followed?
Carry out a property valuation for rental purposes, a personalised study, presentation of the proposal, and signing of the contract before a notary (guarantee of maximum transparency).
What happens if a public placement is obtained?
Contributions are made for as long as a private nursing home place needs to be paid for. Once a public placement is obtained, contributions cease and the property continues to be managed as a rental by Pensium until the debt is fully repaid.
What happens in the event of death?
Ownership passes to the heirs. The property continues to be managed as a rental by Pensium until the debt is fully repaid. At that point, the heir owners recover free possession of the property.
Key information:
– Settlement on a semi-annual basis (payment of the financed contributions corresponding to the following semester, settlement of interest and debt repayment using the net income obtained).
– The operation can be cancelled at any time with no cost or commission, by making full repayment of the outstanding debt.
Operation financed by Pensium Direct, S.L. through a credit secured by possession of the property exclusively for its use as a rental, with the aim of using the net rental income to repay the acquired debt.
REAL CASE 3: The Story of A.C.
85 years old · Dependency grade in process · Valencia
A.C., 85 years old, receives a widow’s pension of €450 and a contributory pension of €400, totalling €850 per month.
She owns a property in Valencia valued at €250,000. Her Dependency Grade application is currently being processed. She needs to move into
a nursing home with a monthly cost of €2,500. The property does not require any renovations.
How can Pensium help?
– After a property valuation, it is estimated that the flat can be rented for €820 per month.
– With the Pensium programme, the family receives monthly double the rental value, i.e. €1,640 per month, which allows A.C. to cover a large part of the nursing home cost without having to sell her property.
– At the time of signing the contract, the family also receives 6 months of contributions in advance (€9,840), which enables A.C. to move immediately into the nursing home of her choice.
– Every six months, Pensium delivers new contributions equivalent to double the rental income, revalued annually in line with the CPI, for as long as needed.
– The property is handed over solely for rental management, with ownership remaining in A.C.’s name at all times.
– Since no renovations are needed, the rental can begin immediately after the programme is signed.
– A.C. thus receives the contributions needed to cover her nursing home costs, without her family having to deal with property management or any administrative procedures.
What steps need to be followed?
Carry out a property valuation for rental purposes, a personalised study, presentation of the proposal, and signing of the contract before a notary, ensuring maximum transparency and legal certainty.
What happens if a public placement is obtained?
Pensium contributions are maintained only for as long as a private nursing home place needs to be covered. Once a public placement is obtained, contributions cease and the property remains rented until the debt is fully repaid.
What happens in the event of death?
The property passes to the heirs. The rental arrangement is maintained until the debt is settled. Once repaid, the heirs recover free possession of the property.
Key information:
– Settlement on a semi-annual basis (payment of the financed contributions corresponding to the following semester, settlement of interest and debt repayment using the net income obtained).
– The operation can be cancelled at any time with no cost or commission, by making full repayment of the outstanding debt.
Operation financed by Pensium Direct, S.L. through a credit secured by possession of the property exclusively for its use as a rental, with the aim of using the net rental income to repay the acquired debt.
Paying for elderly nursing home care can be very easy
We finance your place in a private nursing home
- Without making any payment or upfront cost
- With total flexibility
- With guaranteed periodic contributions
