Equity Release

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Lifetime mortgages

A lifetime mortgage is a long term loan secured against your home. We offer two lifetime mortgages which allow you to either release an amount of money to spend now, or also release an amount that you can use in full or in part in the future.

Lifestyle Lump Sum Max

• Lifestyle Lump Sum Max allows you to release a one off amount of money at the start of the plan.
• The overall cost of the Lifestyle Lump Sum Max is higher than the Lifestyle Flexible Option, because the product can provide a larger cash lump sum.

Lifestyle Flexible Option

• Lifestyle Flexible Option allows you to take a lower initial loan and have access to a reserve of money in the future, as and when you need it.

Find out more about Lifetime mortgage

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

Are you eligible?

Use our calculator to find out if you could be eligible for a lifetime mortgage, which products may be available to you and how much you might be able to release.

Eligibility calculator

The benefits of lifetime mortgages and things to think about

• You could release money from your home to help you do what you want in your retirement.
• You can continue to live in your home until you die or go into long term care.
• Minimum age and property values apply. You should also note that there are restrictions on the type of property we will accept.
• If you have an existing mortgage on your home, or any secured loans, you would have to use the money you release to pay these off first, but then you would be free to spend the remainder as you wish.
• As a lifetime mortgage is a lifetime commitment our experienced advisers will explain all of the costs and risks involved, including how it will reduce the inheritance you leave and how it may affect your tax position and entitlement to means tested benefits.
• Although the amount of inheritance you can leave will always be reduced, you can choose an inheritance guarantee on our lifetime mortgages to ensure you can leave something for your loved ones. However, this will reduce the amount of money you can borrow.
• We encourage you to involve your family in the decision process and they can attend any of the appointments you have with one of our advisers.
• A lifetime mortgage is a big decision, so we'll look at all your options before deciding if one is right for you.

Find out more on how to apply for a lifetime mortgage

How to apply a lifetime mortgage

Lifetime mortgages are not available in the Channel Islands and the Isle of Man.

Aviva Equity Release UK Limited. No 3286484. Authorised and regulated by the Financial Services Authority. Aviva Equity Release UK Limited FSA Registration No 310433. Registered in England at 2 Rougier Street, York, YO90 1UU. www.aviva.co.uk

WC07049 03/2012