Equity Release Calculator
Find out how much you could release with our handy calculator
Our equity release calculator can help you find out how much equity you might be able to release from your home with Aviva. Taking out an equity release product is a lifetime commitment and there are many things to consider, so the calculator should be used as a guide only.
The type of equity release we offer is a lifetime mortgage. It's is a long-term loan which is secured on your property. Unlike a regular mortgage, you don't need to make any regular repayments; instead, each year, we'll add interest onto the loan and any previous interest. This quickly increases the amount you owe. The loan and interest are then repaid in full, usually from the sale of your property when you die or go into long-term care, subject to our terms and conditions.
The minimum amount you can borrow is £15,000.
A lifetime mortgage will reduce the amount of inheritance you are able to leave and while you don’t have to pay tax on what you borrow, it may affect your tax position and access to means-tested benefits.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.