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Equity Release

Lifetime mortgage inheritance guarantee

Taking out a lifetime mortgage will always reduce the amount of inheritance you can leave. However, if you're concerned that you may not be able to leave anything behind for your loved ones then don't worry, you can choose our inheritance guarantee.

This means when your home is sold, we guarantee that you, or your estate, will get a share of the amount it's sold for as long as:

  • Your home is sold when you die or go into long term care, as defined by our terms and conditions.
  • Your home is sold at the best price reasonably obtainable.

All you have to do is tell us what percentage of your property you want to guarantee. Then, when your property is sold, this percentage of the sale proceeds will be protected.

Choosing an inheritance guarantee will reduce the amount you can borrow because we base the maximum loan you can take out on the value of your property which is not covered by the guarantee. So you just need to make sure that, when you take the guarantee into account, you can still borrow at least the minimum loan amount.

Including an inheritance guarantee to your lifetime mortgage plan may affect the interest rate that is applied. You can find out more about the interest rates and APRS for our lifetime mortgages.

You can only choose the inheritance guarantee when you first take out your lifetime mortgage: you can't add it as an option later.

Although you can't increase the percentage you've chosen, you can reduce or remove the guarantee if you need to. This could help if you ever need to borrow more money. It could also help if you want to reduce any repayment you may have to make if you move house or add someone else to your mortgage.

We won't apply the inheritance guarantee if you don't keep to the terms and conditions of your mortgage, or if you repay your loan early.

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

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

WC07075 04/2014

Contact us

For more information or to find out if you're eligible for a lifetime mortgage call us on

0800 404 6220

Lines open Mon-Fri 9am-6pm, Sat 9am-2pm

Whilst we are unable to give you financial advice, if you don't have a financial adviser already we can refer you to a carefully selected equity release specialist. This adviser isn't employed by Aviva but can only advise on Aviva's lifetime mortgages.

Calls are free from a BT land line. Costs may vary from mobiles and other networks.

Or alternatively arrange for us to call you back at a time convenient to you.

For our joint protection, telephone calls may be recorded.

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.

Why Aviva Equity Release?

  • Over 140,000 people have released money from their home with Aviva Equity Release.
  • We have provided equity release since 1998.
  • We're award winning
20th Anniversary what Mortgage Awards 2013 Winner - Best Equity Release Lender