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.

Equity Release Calculator

Equity Release Calculator

For help and advice on how to fill out this form look for the help symbol Help and select it.
All fields marked with an asterisk * are mandatory.

Your Details

Your Details

The property must be registered in your name alone or, if you are applying with another party, in the names of all of those applying. It must be your main residence and you must not leave it unoccupied for more than six months at any one time.

If you're married or in a civil partnership you must both be aged 55 or over, own your home and take out the lifetime mortgage together. You can transfer ownership into joint names before completion if you need to.

You must be 55 or over to take out a lifetime mortgage. If you're applying for a joint lifetime mortgage you must both be aged 55 or over. We'll use the age of the youngest borrower to work out the amount you might be able to release.

Property Details

Property Details

  • Houses in England, Wales and Northern Ireland can be freehold or leasehold.
  • Flats and maisonettes in England, Wales and Northern Ireland must be leasehold.
  • Properties in Scotland can be Freehold, feuhold or ex-feuhold.
  • Leasehold properties must have an unexpired term of at least 160 years minus the age of the youngest borrower. For example, if the youngest borrower is 65, at least 95 years must be left on the lease.

£

If you're unsure of your home's current value, you can look at websites for an idea of the value of similar properties in your area. The values shown on these websites provide an indication only and should not be relied upon.

  • www.nationwide.co.uk/about/house-price-index/house-price-calculator
  • www.nethouseprices.com
  • www.zoopla.co.uk/house-prices

£

You must pay your outstanding mortgage off before or at the same time as taking out the lifetime mortgage. You can use the money you borrow to do this.

A lifetime mortgage will reduce the amount of inheritance you can leave your loved ones. However, you can ensure that they will receive a percentage of the value of your home as a minimum by adding an inheritance guarantee. This will reduce the amount you can borrow. You can only add an inheritance guarantee to your lifetime mortgage when you first take it out. You can't add it at a later date.

Your property must be located in England, Scotland, Wales or Northern Ireland. Lifetime mortgages are not available in the Channel Islands or Isle of Man.

Aviva UK Digital Limited introduces to Aviva Equity Release UK Limited for lifetime mortgages. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen’s, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.

Aviva Equity Release UK Limited. Registered in England No. 03286484. Registered office: 37 -43 Surrey Street, Norwich, Norfolk NR1 3UY. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number 310433.

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