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Aviva

Established over 200 years ago and with 10 years experience of equity release, Aviva is one of the most well established equity release providers in the UK. We are authorised and regulated by the Financial Services Authority, and are a member of Safe Home Income Plans (SHIP), meaning we follow a strict code of practice.

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Aviva Equity Release

If you’re over 55 years of age then releasing the cash tied up in your home may be one of the options open to you. It has helped many people to enjoy a more comfortable retirement.

 

Equity release lets you stay in your home for as long as you wish and you can spend the money however you like. It could provide some welcome extra income in your retirement, maybe to repair your home, or simply to treat yourself occasionally. It’s completely up to you.

 

So should you choose equity release? That’s a decision only you can make; but we can help you make it by giving you the facts right from the start. When considering equity release, it’s important to get advice that takes your individual circumstances into account – that’s why we always arrange for one of our team to come out and visit you if you want to know more about the products. Please note we can only advise on products sold by Aviva.

 

Taking a lump sum, plus our costs, will reduce the value you have in your home and therefore the value of any inheritance you leave. Your entitlement to tax and welfare benefits may also be affected. Minimum age and property values apply.

 

This is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.

 

Lifetime Mortgage

 

This is a loan secured against your home, with no regular payments to make as the loan and interest are rolled up and usually repaid when you die or go into long-term care. As there are no regular repayments, interest builds up through the life of the mortgage and is charged on the total of the amount borrowed and the interest already added, quickly increasing the amount you owe.

 

Home Reversion Plan

 

A home reversion plan is where you sell all or a percentage of your home through Aviva to the reversion provider, Grainger plc, who will pay out a cash lump sum at the start of the plan. When the plan ends – which is usually when you die or if you need to move into long-term care – Grainger plc will sell the property, take their share of the money and pay the balance, if any, to you or your estate.

 

PF01539 07/2009

 


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