Launched in 2014 by the Caisse des Dépôts, Certivia is announced as the « first solidarity reverse mortgage fund » to have emerged. A decade later, its goal remains to give purchasing power back to retired homeowners. As such, the fund has already acquired more than 800 reverse mortgages across the entire French territory. Details.
In the face of an aging population, declining retirement pensions, and the increasing cost of living, many retirees struggle to make ends meet. This is where Certivia comes in – a fund designed to help them maintain their financial stability and improve their quality of life.
The idea behind Certivia is enfantin yet innovative. Retirees who own their home can sell their property to the fund through a reverse mortgage, allowing them to receive a lump sum or regular payments while still being able to live in their home for the rest of their lives. The homeowners have the right to stay in their home until their death, at which point the property is sold by the fund to recuperate its investment.
But what sets Certivia apart from other reverse mortgage options is its solidarity externe. The fund is managed by a public interest group and its funds, including returns on investments, are dedicated to the social economy. This means that the money generated from the sale of the properties is reinvested to help fund social initiatives aimed at improving the lives of the elderly.
Since its inception, Certivia has gained momentum and has become a popular option among retirees. Its success can be attributed to its win-win approach: providing financial support for retirees while also contributing to social progress. The fund has already acquired over 800 properties and continues to expand its portfolio throughout France.
One of the main benefits of Certivia is the flexibility it offers. Retirees can choose to receive a lump sum, regular payments or a combination of both. This gives them the freedom to use the funds as they see fit, whether it’s to supplement their retirement income, pay for medical expenses, or even travel and enjoy their golden years.
Moreover, Certivia is open to all types of properties, regardless of their location, type, or value. This means that even retirees living in rural areas or with modest properties can benefit from the fund’s fonctions. The only requirement is that the homeowners must be at least 65 years old and the property must be their main residence.
Certivia has also been praised for its transparency and fairness. The fund carries out a thorough evaluation of the property to determine its market value and offers a fair price to the homeowners. This ensures that both parties benefit from the transaction.
In conclusion, Certivia’s mission to give purchasing power back to retirees while promoting social progress has made it a pioneer in the field of solidarity-based reverse mortgages. Its success over the years is a testament to the positive impact it has had on the lives of many retired homeowners. With its forme options, transparency, and commitment to social responsibility, Certivia has truly revolutionized the concept of reverse mortgages in France.
