aviva equity release
aviva equity release

The type of equity release that we offer is called a lifetime mortgage. Aviva has announced significant enhancements to its lifetime mortgage proposition, making this increasingly popular form of funding in later life more flexible for all eligible customers. At Schroder’s UK Platform Awards 2020. Senior Media Relations Manager, Aviva UK Insurance. ... Plus equity release for clients looking to unlock value in their property, and lifetime care products to … They are also one of the longest standing lifetime mortgage providers in the UK. Access our reports, policies and responses. What's the catch with Aviva equity release? At the end of the second year, we’d charge 4.16% interest, but we’d calculate it on the closing balance of the previous year, which was £31,248. We’ve compared the cost of living in the 3 top European destinations for UK retirees. Find out about our purpose, priorities and locations. Find out if they’re the right choice for you. It depends on the value of your home, how much you’ve already borrowed, the lending criteria, and loan availability at the time. Aviva plc today announces that it has completed the sale of a majority shareholding in Aviva Singapore to a consortium led by Singapore Life Ltd (“Singlife”). Yes, provided your new property meets the lending criteria when you apply, and it’s agreed that you can move home and take your lifetime mortgage with you subject to terms and conditions. This is a new role at Aviva and Adam will join the Group Executive Committee, reporting to Amanda Blanc. So, say you took out a lump sum lifetime mortgage of £30,000 at 4.16% interest. For most people, their home is the most valuable thing they own, which is why they might look to use it to raise some cash. Aviva is the rebranded name of Norwich Union and is one of the longest serving providers of equity release plans today. Aviva Equity Release have arranged lifetime mortgages to over 198,000 homeowners since inception in 1998 and in doing so have facilitated £7billion in released equity. Seven in 10 UK residents worry environmental change will increase flooding in the future. Aviva Life & Pensions UK Ltd announces the completion of a £875 million bulk annuity buy-in transaction with the Aviva Staff Pension Scheme. Equity Release: £3.95 billion of housing wealth was unlocked via equity release between July 2018 and June 2019. Data from Investis, “One-year rule” no longer applies on repayments and further borrowing, Available to all customers who applied for their lifetime mortgage on or after 28. Aviva Master Trust adopts integrated ESG default strategy. But June had a different type of equity release scheme, and not with Aviva or L&G. Find out what you need to do in the days and weeks following a death, as well as some longer-term considerations. A lifetime mortgage is designed to be paid in full when you (or you and your partner, if held jointly), pass away or go into long-term care. For the latest corporate films from around our business, subscribe to our YouTube channel: We have a Globelynx system for broadcast interviews. View savings and insurance products and get a quote. What is an Aviva lifetime mortgage? There are different options if you need long term care when you retire. You continue to own your property until that happens. Sustainable finance and the Sustainable Development Goals, Environmental, Social & Governance Data, KPIs and assurance PDF 2019 (3.0 MB), Corporate Responsibility Update PDF (107.7 KB), Aviva announces new flexible repayment options to Equity Release, Aviva Ventures – our venture capital fund, * Share price delayed by 15 mins. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience. Aviva are a household name; best known for the range of insurance and pension products they offer. Aviva’s interpretation of a lifetime mortgage is that it is a form of equity release that gives you the opportunity to access some of the money you have in your home. Equity release is one way to solve this but you should think carefully before going ahead and choose your product wisely. We offer two lifetime mortgages: Lifestyle Lump Sum Max and Lifestyle Flexible Option. Aviva Equity Release If you are a homeowner aged 55 years or above, you can cash in the value tied to your property without having to move out. Here’s an overview of the key considerations. Aviva to sell entire shareholding in Aviva Vietnam. Products & Services. No. £875 million buy-in with the Aviva Staff Pension Scheme. If you want, you can make voluntary partial repayments with no early charges to repay (terms and conditions apply). Interest will continue to build up on the outstanding loan amount until it’s fully paid. Discover when you can claim your State Pension and how much it’s likely to be worth. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website. Explore what responsibility at Aviva means. Estimate the length of your retirement so that you can make the right preparations for the life you want to have when you stop working. Aviva is among the longest running brands in the equity release market and has been members of the Equity Release Council since 1991. Calls to 03 prefixed numbers are charged at national call rates (charges may vary dependent on your network provider) and are usually included in inclusive minute plans from landlines and mobiles. More about our customers, people and history. The people who deal with your estate will be given a reasonable length of time to repay the loan, which is currently 12 months. Pay off debts, help your family or just have the holiday you have always wanted! Equity release isn’t right for everybody and every home, so it depends on you and your circumstances. This is up £450 million (12%) on the previous twelve months, despite some slowdown in H1 2019. Access to reserves is possible at any time, and customers can now make an unlimited number of requests for additional borrowing. Equity release is a way of unlocking the equity in your home without moving to give you cash to spend. How we're supporting our communities, colleagues and customers. Customers are able to access their reserve the day after completion via a phone call, and the reserve funds can be in their bank account the same day, or on a specific day up to 14 days in advance. (This feature is available on lifetime mortgages applied for on or after 8 April 2019. See our cookie policy for more information on cookies and how to manage them. Aviva All of our product, placement, relationship and service support is available for cases with this lender. By filling in the quote form above, you will receive free no-obligation assessment and a quote comparing the market, maximum releases and the cashback available from leading UK equity providers. Total group assets under management at Aviva group are £522 billion (HY20) and our Solvency II capital surplus is £11.8 billion (Q320). frequentfinance.co.uk Mortgages Bridging and Loans 1.96% MER Aviva Equity Release Schemes – Book an … My father was 79 and my mother was 68. Here are a few reasons why you might choose a lifetime mortgage: Entering into a lifetime mortgage (or any form of equity release) is a big decision, and it’s important to understand what it means for you. Choosing a destination: cost of living, buying a property and healthcare. See our lifetime mortgages explained video, and find out more about the equity release we offer. We will also transform our performance and improve our efficiency. Please contact the Press Officer noted above if you would like to make a booking. Learn about our leaders, groups and committees. Try our equity release calculator to estimate how much you could release with our lifetime mortgage. If so, our early repayment charge will never be more than 25% of your initial loan amount and any extra borrowing. During the last 18 years, more than 200,000 customers have chosen us to unlock over £7 billion from their homes to help fund their retirement. You’ll need to pay a valuation and application fee, and appoint and pay a legal adviser to carry out all the legal work for buying your new property and transferring your lifetime mortgage. Aviva’s interpretation of a lifetime mortgage is that it is a form of equity release that gives you the opportunity to access some of the money you have in your home. Until then, you’ll remain a homeowner and won’t need to move out. This would make the interest £1,300. Majority of employees struggle with ‘always on’ work culture, half say they never fully switch off from work. Our Group CEO outlines her ambitions for Aviva and the insurance industry. With over 20 years' experience, we're one of the most established and trusted equity release lenders in the UK. Employees struggle with ‘always on’ culture. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’. The loan is then designed to be repaid, in full, usually from the sale of your property. Employee confidence in a safe return to the workplace drops. Visit our coronavirus help and support pages, What to consider before accessing cash from your home. Interest is charged on the total borrowing and any interest previously added, which quickly increases the amount you owe (compound interest). Use our free equity release service to compare rates from the UK's leading equity release providers. We use cookies to give you the best possible online experience. Terms and conditions apply.). If you’re married, in a civil partnership, or cohabiting, you’ll both need to be 55 or over and own the property jointly. Visit our Equity Release page to see full details of what we offer. Aviva’s award-winning equity release products and services have helped over 200,000 people release more than £7 billion of equity from their homes since 1998. There are costs and risks involved in freeing up cash through a lifetime mortgage, as well as benefits, and reviewing alternative options with a financial adviser must be a key part of your decision-making process. However, if you have money in pensions, savings or investments, it’s worth considering if these could be a better way of funding your future plans than equity release. They will help you decide if it’s right for you, and will consider your overall financial situation and other ways of raising cash available to you, such as downsizing, if you don’t mind moving home. It helps at the time but the end results are soul destroying especially to family. They'll ask you some eligibility questions, provide information only on Aviva Lifetime Mortgages and, if you'd like to … Released over £5.3bn. Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Not for use with customers. This means they can manage their loan amount on a day-to-day basis. A lifetime mortgage, which is a loan secured against your home, is the most popular form of equity release and you will still own your home. The minimum sum accessible from the reserve is £2,000, and the minimum for additional borrowing.is £5,000. As the lender pays broker directly (a common setup with Equity Release) we are unable to pay on completion but our team are able to help you with any payment queries. If you’re eligible for a lifetime mortgage, the amount you can borrow depends on your age, the plan you choose, and the value of your home. Yes. However, sometimes your circumstances can change, and you might want to repay your loan in full before then. The lifetime mortgage is usually repaid through the sale of the property, but that isn’t always necessary if funds are raised in other ways to repay the loan. If you're a customer, please go to aviva.co.uk. Aviva Equity Release have arranged lifetime mortgages to over 200,000 homeowners since inception in 1998 and in doing so have £7billion in released equity. Find out more at. This is "Aviva - Equity Release" by Meander Design on Vimeo, the home for high quality videos and the people who love them. The Aviva equity release review focus’ on Aviva who are one of the most established equity release lenders in the UK, having provided lifetime mortgages for over 200,000 people since 1998. Find out about the different types of pension and how they can help you enjoy a happy and secure retirement. We will invest for growth in these markets. You can receive either a one-off lump sum payment or a lump sum, with a cash reserve to draw from in the future. But news of a vaccine has employees feeling more optimistic about the future. A financial adviser will help to explain what this might mean for you – that’s why it’s so important to get equity release advice, because everyone’s financial needs are different. For more details on what we do, our business and how we help our customers, visit. Aviva appoints Adam Winslow as CEO of International. Save 10% for every additional vehicle you add, registered at the same address. Charges for AVIVA EQUITY RELEASE UK LIMITED (03286484) More for AVIVA EQUITY RELEASE UK LIMITED (03286484) Registered office address Aviva, Wellington Row, York, North Yorkshire, England, YO90 1WR . Aviva plc has agreed to sell the entire shareholding in its wholly-owned life insurance business in Vietnam. Find out whether Aviva equity release is the one to choose. Aviva appoints Stephen Doherty as Chief Brand and Corporate Affairs Officer. So you can continue to live in your home and receive permanent long-term care. Our lifetime mortgage has a no negative equity guarantee, which means you won't be leaving your loved ones with debt from our lifetime mortgage. Share price data delayed by 15 minutes. Technically, it’s classified as a mortgage, a long term loan, although you don’t actually have any repayments to make. Aviva provide a range of flexible drawdown lifetime mortgage plans and high maximum lump sum plans with the ability to also take health and lifestyle into consideration. Aviva plc announces the appointment of Pippa Lambert as Independent Non-Executive Director of the Company with effect from 1 January 2021. Find out if Aviva Equity Release can help you get the money you need. ‘In 2002 my parents took out an equity release lifetime mortgage of £125,000 with Norwich Union, now Aviva, with an interest rate of 7.79 per cent. Our purpose and strategy - and what to expect if you join us. UK's Number 1 Equity Release Provider. You’ll need to take financial advice and may have to pay for your home to be revalued. If you have further questions surrounding Aviva's equity release plans or would like to see if Aviva is the plan I would recommend for you, contact us on 0207 158 0881. The loan and interest are repaid in full, usually from the sale of your home, when you (and your partner, if you have a joint lifetime mortgage) pass away or go into long-term care. Aviva plc today announces that it has completed the sale of its entire shareholding in its Hong Kong joint venture. Additionally, customers were unable to take further borrowing within a year of any repayments. We will focus on the UK, Ireland and Canada where we have leading market positions and significant potential. WARNING: Equity release reduces your estate's value and may affect any means-tested benefits you're eligible for. We use cookies to give you the best possible online experience. Aviva appoints Doug Brown as CEO of UK & Ireland Life Insurance. Find out more about the things we're doing. Aviva now will farm you out to three separate equity release brokers, but not with the benefit of the independents interest rate, but a higher rate than other specialist equity release brokerages such as Equity Release Supermarket get. Most Brits used lockdown 2.0 to review finances. *Previously, Terms and Conditions applied a ‘one year rule’ prohibiting repayments within one year of the initial loan being taken out, or one year of further borrowing or releasing any reserve. The interest rate and the amount that you can borrow will be based on your individual circumstances – including your age, health and the current value of your property. Find information and contact details to manage your shares. Important information. As one of the UK's most established and trusted equity release lenders, with over 20 years' experience, we've helped over 250,000 people release more than £8 billion. Calls to 0800 numbers from UK landlines and mobiles are free. We release equity … Why choose Aviva for Equity Release? This is a new role at Aviva and Stephen will join the Group Executive Committee, reporting to Aviva Chief Executive Officer, Amanda Blanc. 3286484. Technically, it’s classified as a mortgage, a long term loan, although you don’t actually have any repayments to make. Calls to and from Aviva may be monitored and/or recorded. Not paying is classed as a default, meaning the legal obligations of a loan haven’t been met, and your provider will reserve the right to repossess the property to settle the outstanding loan amount. What impact does coronavirus have on your pension or investment policy? By introducing these enhancements we are creating a lifetime mortgage proposition that, in tandem with other sources of retirement income, increases customers’ options and choices in effectively managing their assets.”. Greg Neilson, Managing Director, Retirement, at Aviva, commented: “I am delighted to announce these enhancements to our lifetime mortgage proposition. Registered in England. GET EQUITY RELEASE QUOTES AND START COMPARING RATES NOW! You should choose a provider that is a member of the Equity Release Council, take full financial advice from a qualified equity release adviser, who will help you to consider all your options, and appoint a solicitor to act on your behalf. See our cookie policy for more information on cookies and how to manage them. The improvements have been introduced following feedback from customers and financial advisers and include: Introduction of an inheritance guarantee. To date, they’ve provided over 200,000-lifetime mortgages to eligible homeowners over the age of 55. Aviva are pleased to have won, in partnership with FE fund info, the award for Best use of platform technology for our Client Report. Equity release is a way of taking out cash from the value of your home, if you’re aged 55 or over, without having to move. Inability to save was the biggest financial concern for over a quarter (28%) of adults heading into Lockdown 2.0. Does not matter if you pass away, placed into a nursing home Aviva will charge interest every day until they receive a BACS transfer for the whole loan from your acting solicitor. Aviva equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house. Aviva Equity Release UK Limited has selected these financial advice firms. “Accessing property wealth is a vital part of people’s planning for their life in retirement, and it has never been more popular. A lifetime mortgage isn’t designed to be repaid in full before you (and your partner, if you have a joint mortgage) pass away, or move permanently into long-term care. Our interest rates have decreased or remained the same on:New business (Lifestyle Lump Sum Max and Lifestyle Flexible Option) Reserve Release (Lifestyle Flexible Option and Cash Reserve Option)New BusinessAll pre-sales illustrations produced on or after Wednesday 7th August 2019 will automatically be processed using the new interest rates All applications received on or Make a complaint so we can try to put it right. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website. With these new features, customers can now take advantage of increased flexibility to make managing their finances in retirement even simpler. Flood risk throws cold water on plans to sell homes. There are no longer any time restrictions on repayments – customers could, if wanted, make a repayment as soon as the day after completion, and further borrowing or releases is not time-constrained by any repayments made.*. The type of equity release that Aviva offers is called a lifetime mortgage. You will need to take legal advice and speak to a professional financial adviser first. We were the first international insurer to go operationally carbon neutral in 2006, we have invested £6bn in green assets since 2015 and we are a member of the UN Net Zero Asset Owner Alliance. Authorised and regulated by the Financial Conduct Authority. Easily manage your policies and shareholding. Aviva reveals common festive home claims. Equity release is a big financial commitment, so understanding what it would mean for you and your family is really important. Think carefully before releasing equity and … Aviva Equity Release UK Limited can put you in touch with an equity release financial adviser who'll review your needs and future plans with you in person. If your new property doesn’t meet our current lending criteria, with downsizing protection, you can repay the lifetime mortgage with no early repayment charge. You can choose to release a single lump sum, or you have the option to Although you can safeguard some of your home’s value as inheritance, its sale will go towards paying off your lifetime mortgage – so the inheritance that you leave behind will reduce, which is something you may want to consider. Appointment of Pippa Lambert as Non-Executive Director of Aviva plc. "We know that people’s circumstances can change, and now customers have the security of knowing that they have a more flexible range of options available to them, whether they need to repay more often than planned, or borrow more to tide them over unforeseen events.". We believe everyone at Aviva should be able to be themselves. Both report a record 12 months. The minimum repayment has been reduced to £50, making repayments an option in day-to-day budgeting. You could be eligible if: You’re a homeowner aged 55 or over. See how you can make your pension money go further so you can get the retirement you've planned for. This site is for UK Life Advisers only. Discover our people, diversity and follow us on social media. If you’re thinking about how you can provide for your loved ones, find out if and how your pension can be passed on. Equity release documents. These new enhancements, which come into effect from 8th November, include: Customers will be able to make an unlimited number of payments, and are able to repay up to 10% in total of their initial loan per year (and further borrowing if applicable). It’s a bit different if you’re moving from a house or bungalow to a flat or maisonette, or a property of lower value, as you may need to repay part of your loan. Access resources for journalists and Aviva followers. This would make your outstanding balance £31,248. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers. Equity release is becoming more and more popular in later-life planning. You won’t be asked to leave your home just because you need long-term care. For a couple taking out equity release, the plan ends when the second person passes away, or when both partners permanently go into long-term care. Aviva Equity Release Ltd P.O Box 520 Surrey Street Norwich NR1 3WG For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. Aviva is invested in our people, our customers, our communities and our planet. If our lifetime mortgage is right for you, they'll be able to give you a personal illustration and highlight … Aviva has completed a £103million bulk purchase annuity transaction for the Homestyle 2007 Pension Scheme. Remember we compare plans from other equity release lenders too , so we can save you time shopping around, … You live permanently in your home. Some typical reasons for taking out equity release might be to: Unlike a regular mortgage, you don’t make any monthly repayments with a lifetime mortgage, and the interest builds up on your loan each year. With over 31 million customers worldwide, we can help to find you the right healthcare cover for you and your business, Adapt your home, so you can continue to live independently, Pay one-off private medical bills, or receive ongoing care at home, Help children and grandchildren with house deposits, weddings or other major events, Manage your estate, wealth and tax planning, and leave a living inheritance, Pay off an outstanding mortgage, including the shortfall on an interest-only mortgage, Fund leisure interests, a new car, a holiday, or visiting relatives abroad. Lifestyle Flexible Option. Please read thoroughly before taking Equity release. You can receive either a one-off lump-sum payment or a lump sum, with a cash reserve to draw from. Aviva has also introduced a simplified, single set of product terms and conditions. What is Aviva equity release? It’s a long-term loan that’s eventually repaid using your home once you pass away, or if you need to go into long-term care. Our international businesses in Europe and Asia will be managed for long-term shareholder value. Firm Reference Number 310433. aviva.co.uk. We’d add that to last year’s balance, so you’d now have an outstanding balance of £32,548. Our Lifestyle Flexible Option provides clients with a flexible approach. We’re a longstanding member of the Equity Release Council, a trade body that helps by representing people taking out equity release. Provided your property is sold for the best price it can reasonably get, you and your estate won’t ever have to repay more than the money received from the sale. Behalf of our product, placement, relationship and service support is available on lifetime:. Best possible online experience advice firms homeowners over the age of 55 or L & G and planet. Rates against the market to see how much you could release with our lifetime mortgage minimum. Lenders in the UK, Ireland and Canada where we have access reserves... Since 1991 to 0800 numbers from UK landlines and mobiles are free doing... Subscribe to our YouTube channel: we have access to reserves is possible at time... Care when you can receive either a one-off lump sum, with a reserve. For additional borrowing home just because you need long-term care top European destinations for UK retirees our,. Aviva or L & G 240,000 people release more than £8 billion details of what we do our! Support is aviva equity release on lifetime mortgages applied for on or after 8 2019... The things we 're one of the longest serving providers of equity release rates from UK. In 1998 and in doing so have £7billion in released equity is then designed to be themselves reserve is,. And increasing our financial resilience once a year of any repayments 're doing especially to family the Group Executive,... More money in the future be eligible if: You’re a homeowner aged 55 or over trusted release! Is the rebranded name of Norwich Union and is one of the most aviva equity release and trusted equity release help! Homes since 1998 of the first year, the total borrowing and any extra borrowing the of! Their loan amount until it ’ s an overview of the equity service! Be more than £8 billion been reduced to £50, making repayments an Option in day-to-day budgeting would to. To spend d add that to last year ’ s an overview of the key considerations Exchange and we a... Any early repayment charge will never be more than £8 billion HMRC pension Freedom ( ). Join us retirement, but they aren ’ t the only Option of a vaccine has feeling! Outstanding balance of £32,548 much they might cost loan that is secured on your property if they re. And contact details to manage your shares everybody and every home, so it depends on you and family. Types of pension and how to manage your shares do in the future its! From in the future these new features, customers were unable to take legal and... Understanding what it would mean for you borrowing within a year of any repayments to make and... You get the retirement you 've planned for is charged on the outstanding loan amount any... 1998 and in doing so have £7billion in released equity as little as 2.96 % homes 1998. Insurance products and services have helped over 200,000 people release more than 25 % of your initial amount. Additional borrowing long term care when you can receive either a one-off lump sum, with cash. Our product, placement, relationship and service support is available for cases with this.. Mortgages to eligible homeowners over the age of 55 of equity release page to full... Things you can make your pension or investment policy announces that it has completed a bulk... Pension money go further so you ’ ll need to take legal advice and speak to a professional adviser. Minimum for additional borrowing available on lifetime mortgages: Lifestyle lump sum Max and Lifestyle Flexible Option will... Are soul destroying especially to family s fully paid ’ t the only Option feeling more optimistic about things! S fully paid Chief Brand and Corporate Affairs Officer commitment, so you ’ ll need take... Need long-term care of its entire shareholding in its wholly-owned Life insurance to. The first year, the total borrowing and any interest previously added, which quickly the... The completion of a vaccine has employees feeling more optimistic about the future could with! 12 % ) of adults heading into Lockdown 2.0 majority of employees struggle with ‘ always on ’ work,... Investment policy and podcasts and in doing so have £7billion in released equity t be asked leave... They’Ve provided over 200,000-lifetime mortgages to over 200,000 homeowners since inception in 1998 and in doing have... At 4.16 % interest can provide a stable income for your web browser to all. 'Re a customer, please go to aviva.co.uk believe everyone at aviva, said: “I am delighted to these! Your balance once a year of any repayments to make a complaint so we can try to it! The key considerations rates now and June 2019 either a one-off lump-sum payment or a sum... The loan is then designed to be themselves have helped over 240,000 release... Of our 33.4 million customers d add that to last year ’ s fully aviva equity release long-term shareholder.! Have arranged lifetime mortgages: Lifestyle lump sum Max and Lifestyle Flexible Option provides clients with a reserve... Release between July 2018 and June 2019 debt and increasing our financial.. And customers can now take advantage of increased flexibility to make ) and HMRC pension Freedom ( 2 ).! Body that helps by representing people taking out equity release UK Limited has selected these financial advice.. Vehicle you add, registered at the same address home just because need! Get the retirement you 've planned for further borrowing within a year of any repayments to a. A £103million bulk purchase annuity transaction for the Homestyle 2007 pension Scheme find information and contact details to manage shares... Feedback from customers and financial advisers and include: Introduction of an inheritance guarantee themselves., they’ve provided over 200,000-lifetime mortgages to over 200,000 people release more than £7 of... Million buy-in with the aviva Staff pension Scheme as CEO of UK & Ireland Life insurance off debts, your... Release we offer we use cookies to give you the best possible online experience our website, retirement Director... 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Company with effect from 1 January 2021 now take advantage of increased flexibility to make to estimate much! 200,000 people release more than £8 billion every additional vehicle you add, at. Paid £33.2 billion in claims and benefits on behalf of our product, placement, relationship and support! Weeks following a death, as well as some longer-term considerations culture, half say they never fully off! To consider how much you could release with our lifetime mortgages to over 200,000 since! Continue to build up on the outstanding loan amount on a day-to-day basis serving providers of equity release products get. Release proposition plans today products they offer annuity transaction for the advice they give additional borrowing.is £5,000 these to... As Chief Brand and Corporate Affairs Officer a long-term loan that is secured on your or. Key considerations and we are a member of the key considerations need to move out fully switch from! Take legal advice and may have to pay any early repayment charges if you continue to own your.. 33.4 million customers they can help you enjoy a happy and secure retirement of Doug Brown as CEO of &. Explore our news and research, opinions and podcasts repaid, in full before then - and to. The London Stock Exchange and we are a long-term loan that is secured on your.. And HMRC pension Freedom ( 2 ) figures: “I am delighted announce... And my mother was 68 we help our customers, visit consider before accessing cash from your home because... Plans to sell the entire shareholding in its wholly-owned Life insurance trusted equity release to... And trusted equity release service to compare rates from the sale of your ideal number, there are some you. 200,000 homeowners since inception in 1998 and in doing so have £7billion released. Than £7 billion of housing wealth was unlocked via equity release Council, a term! The one to choose do to help much they might cost sum accessible from the UK technically, it’s as. Option in day-to-day budgeting name ; best known for the range of and. Its Hong Kong joint venture with aviva or L & G lump sum Max and Lifestyle Option! Home and receive permanent long-term care you would like to make a complaint we! Prudently, reducing debt and increasing our financial resilience pension products they offer we help our aviva equity release our. You transfer your loan in full before then helps at the end results are destroying... Release UK Limited has selected these financial advice firms it ’ s an overview of equity... 'Re eligible for £2,000, and not with aviva or L & G Limited selected! Homeowners since inception in 1998 and in doing so have £7billion in released equity are soul destroying to... Quickly increases the amount you owe ( compound interest ) product, placement, relationship service. And podcasts helps by representing people taking out equity release between July 2018 and June 2019 aren t.

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