equity release knowledge centre

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Our lifetime mortgage

The type of equity release we offer is a lifetime mortgage, which is a long-term loan secured on your home and is available to homeowners over 55.

The loan and interest are repaid, usually from the sale of your home, when you die or go into long-term care, subject to our terms and conditions.

Taking a lifetime mortgage will reduce the amount of inheritance you can leave, and may affect your tax position and eligibility for certain means-tested benefits.

Categories

Things to consider

Types of equity release

Explore the different types of equity release options, including home reversion plans and lifetime mortgages. Learn more about how each type can help you access the equity tied up in your home.

Family

Using equity release to financially support family

You can help support your family and loved ones financially with equity release, whether that's helping them to get on the property ladder or making life a little more comfortable for everyone. Inheritance will be reduced.

Things to consider

Is equity release safe?

Equity release products are considered to be safe. Read our article to see why.

Cost

How to fund home improvements

Here's some inspiration for funding home improvements when you're retired

Getting started

Equity release glossary

Equity release can spring up some jargon. We want to make sure you understand what these terms mean, so that you’re confident about your decision.

Getting started

What is equity release?

Equity release is a big financial commitment, so understanding what it would mean for you and your family is really important. Here’s an overview of the key considerations

Getting started

Using equity release to pay off my mortgage

Equity release can be used by homeowners to pay off their mortgages early by untying tax free cash from their homes.

Getting started

Equity release or remortgage – how do they compare?

You don’t have to move to make the most of the money tied up in your home

Cost

How much does equity release cost

Read our overview on the costs that can be involved in equity release.

Getting started

What you can use equity release for

A few reasons you might consider a lifetime mortgage

Looking for equity release?

Speak to the team for free on 0800 141 3493 ^

Get us to call you

Get specialist equity release advice

Your call will be answered by our dedicated team who can provide you with information and answer any questions on Aviva’s lifetime mortgage. They can also book an appointment for you to speak to an Aviva equity release adviser who can provide you with financial advice, an illustration and submit an application if you choose to proceed. You don’t have to commit to anything, and you won’t need to pay an advice fee, instead we’ll make a commission payment to your adviser upon completion of your loan. If you need to borrow more at a later date, you will need to get financial advice again and an advice fee will apply, which will be payable upon completion of your loan to your adviser. 

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* Your call will be answered by our dedicated team who can provide you with information on Aviva’s lifetime mortgage only. They’re authorised and regulated by the Financial Conduct Authority. 

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