Aviva Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Aviva equity release the best?
Did You Know?Every 12 minutes a homeowner over 55 in the UK unlocks £91,667 tax-free cash?
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Aviva is a member of the Equity Release Council.
Learn More: Who Are the Equity Release Council?
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.
The ‘catch’ is that the equity provider must be repaid at a later stage, usually when the homeowner dies.
The most obvious pitfall is that the equity provider must be repaid at a later stage, usually when the homeowner dies.
Also, one needs to keep in mind that there will be rolled up interest and that your equity release will have an impact on your inheritance.
Learn More: What Are the Equity Release Pitfalls?
The type of equity release that Aviva offers is called a lifetime mortgage.
What is an Aviva lifetime mortgage? We offer two lifetime mortgages: Lifestyle Lump Sum Max and Lifestyle Flexible Option. Both plans are a long- term loan that is secured on your property.
Learn More: What Is Equity Release?
How much does equity release cost?
For the lifetime mortgage equity release the typical rate is about 5%, although some rates are under 3%.
This is cheaper than rates have been for a number of years – yet still significantly higher than those for most standard mortgages.
Learn More: What Are the Costs of Equity Release?
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What People Say
PS – If you’re anything like us, you just skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill.⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
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