What are the requirements for a real estate pension?

Real estate pensions are only possible for properties that are in a good condition and have a market value of at least one million francs. They're not possible if you need to carry out major renovations. Your existing mortgage should be low enough so that after topping it up to the usual maximum of 50% of your property's market value and deducting interest costs for the entire term of the new fixed-term mortgage, you have enough money left to use as required. You should also be at least 65 years old. Real estate pension mortgages usually have a term of ten or 15 years, meaning retirees can continue to live in their homes until around the age of 80.