Equity Release

The benefits to you

• You receive an amount of money to spend on whatever you want.
• You keep ownership of your home and can continue to live there until you die or go into long term care.
• You don't have to make any monthly repayments during the lifetime of the loan, as the loan and interest are rolled up and repaid by the sale of your property when the plan ends. This is normally when you die, or move into long term care.
• You can still move if you want to, as long as your new property meets our lending criteria at the time.
• Our 'no negative equity guarantee' means you'll never have to repay more than the money you receive from the sale of your property as long as it is sold for the best price possible.
• 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.

Things to think about

• A lifetime mortgage charges interest on the total amount of the loan including the interest that has already accumulated, so the amount owed will quickly increase.
• Taking a cash lump sum and the costs involved will reduce the value you have in your home and the amount of inheritance you are able to leave.

• Although the amount of inheritance you can leave will always be reduced by equity release you can choose our inheritance guarantee to ensure you can leave something for your loved ones.

  However, this will reduce the amount of money you can borrow and may affect the interest rate applied. Find out more about our lifetime mortgage inheritance guarantee.

• If you have an existing mortgage on your home, you would have to use the money you release to pay off the existing mortgage first, but then you would be free to spend it as you wish.
• You don't have to pay tax on the amount you borrow, but it may affect your tax position and entitlement to means tested benefits.
• A lifetime mortgage is a long term commitment – it can be expensive if you decide to repay the loan early and you may have to pay a substantial early repayment charge.

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

Our range of lifetime mortgage plans

Find out more information about the interest rates and APRs for our lifetime mortgage plans.

Find out more on how to apply for equity release

How to apply for equity release

Lifetime mortgages and the Home Reversion Plan are not available in the Channel Islands and Isle of Man. The Home Reversion Plan is also not available in Northern Ireland or Scotland.

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

WC07043 01/2012