Equity Release

You can use our calculator to find out if you could be eligible for equity release and how much money you may be able to release from your home.

Equity release is a lifetime commitment and there are many things to consider so the calculator should be used as a general guide only.

Before finding out if you could be eligible for equity release, you should read the below eligibility checklist.

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

Eligibility Checklist

Lifetime Mortgages:

Eligibility is based on age and property value. The following requirements are absolute minimums and products will not be available to every combination of age and property value. Generally speaking, the younger you are, the more your property will need to be worth to qualify and depending on your individual circumstances, you may be eligible for certain products but not others.

• The youngest applicant must be aged 55 or over.
• Your home must be worth more than the minimum property value, which is £75,000.
• The property must be of standard construction and located in England, Scotland, Wales or Northern Ireland.
• If you occupy the property with your partner, and are married or in a civil partnership, you must apply for a joint plan. You'll need to put the age of the youngest borrower as the 'age of the applicant.'

Please note that lifetime mortgages are not suitable for the following property types; freehold flat or maisonette, studio or basement flat, flat or maisonette in a local authority or housing authority block of more than four storeys, mobile home or houseboat, farm or small holding being used for agriculture, hotel, guest house or B&B.

Home Reversion Plan

• The youngest applicant must be aged between 65 and 80.
• The property must be of standard construction and located in England or Wales.
• Your home must be worth more than the minimum property value, which is £75,000.
• As the money from the Home Reversion Plan is provided upfront and you continue to live in your home rent-free, you'll get less than the full market value of the share of the property that you sell.

Please note that this product is not suitable for the following property types: flats or maisonettes, retirement properties, sheltered accommodation, commercial property, mobile home, park home, houseboat, new build properties (where the developer is still on site) and ex-local authority properties.

Eligibility Calculator

Eligibility Calculator

All fields marked with an asterisk * are mandatory.

Age of the youngest applicant? (Minimum age 55) *

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Are you a homeowner? *

• Yes
• No

Is your house of standard construction in the UK? *

• Yes
• No

Country of residence? *

England Scotland Wales Northern Ireland

Estimated value of your home?
(Must be worth over £75000)*

£

% of property value to set aside for inheritance.*

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Support information

The eligibility calculator is a general guide to how much money you may be able to release so it's important that you seek financial advice. You can contact us on 0800 404 6220 to make a no-obligation appointment with one of our advisers, or contact your own financial adviser, who will provide you with a personal illustration based on your individual circumstances.

Please note we can only advise on products sold by Aviva.

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

WC07054 05/2011