Equity release is a way of turning some of the value of your home into tax-free cash. We offer a type of equity release called a lifetime mortgage. It's a long-term loan secured on your home and you can apply once you reach 55. You’ll stay in your home and remain the owner.
You might choose to take out a lifetime mortgage for any number of reasons. Such as improvements to your home, to give a helping hand to your loved ones, a once-in-a-lifetime adventure, or to stretch your retirement income a little further.
The loan and interest are repaid in full, usually from the sale of your home when you (and your partner, for a joint lifetime mortgage) pass away or go into long-term care, subject to our terms and conditions. Just remember that taking out a lifetime mortgage will reduce the amount of inheritance you can leave behind. It may also affect your tax position and whether you can claim some means-tested benefits.
Getting a sense of how much you could borrow is as easy as choosing your age, the type of home you live in and your home’s worth – our calculator will do the rest.
Equity Release Calculator
Step 1 of 3
Check if you’re eligible for equity release with us (our lifetime mortgage)
To apply for our lifetime mortgage you need to:
Once we’ve taken a look at your application, we’ll send you an offer which confirms how much you can borrow. You’ll go through all this with your equity release adviser and solicitor. Then all that’s left for you to do is sign any legal bits.
Why choose us for equity release?
We’re a member of the Equity Release Council, which promotes high standards and best practices for all customers who take out equity release.
Why choose Aviva?
Request a free guide
Read more about our lifetime mortgage whenever you have a quiet moment. We’ve put together a free guide packed with information and answers to the questions people most often ask. You can download an online version right away and we’ll also post a copy to your home.Request a free guide