Lebacher Levo-Bank Offers Alternative Loan Solution for Elderly Home Renovations

“Elderly people can also get a loan from us if they want to renovate their paid-off house or apartment or make it age-appropriate.” Winfried Herberg, CEO of Lebacher Levo-Bank, sees this as an alternative to the partial sale of a property, which a number of financing companies specialize in have. “With our model, the borrowers remain owners of their property.” The whole thing runs through the cooperative partner institute DZ Privatbank (Luxembourg) and operates under the name VR Immoflex.