Odwrócony kredyt hipoteczny – nowa usługa finansowa w Polsce
Reverse Mortgage – New Financial Service in Poland
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As a result of increasing demographic problems, more and more countries in the world have been supporting the development of financial services that allow for raising capital cumulated in the estate that one owns. At present, in Poland the only service of this type available is perpetuity offered by mortgage funds, on the basis of the provisions of the Civil Code. Another service that has a similar function available in many countries is reverse mortgage. In Poland, regulations did not forbid offering a reverse mortgage, however, due to legal barriers in claims of potential creditors, such offers were not available on the market. On 15th December 2014, the Act of 23rd October 2014 on reverse mortgage entered into force. In her article, the author presents the most important provisions of this act. She also discusses the solutions available in the field in other countries, as well as the perspectives for the development of the reverse mortgage market in Poland.
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