Aviva Lifestyle Lump Sum Max

Contributors: Nicola Date, Katherine Read. Rachel Wait & Reviewed by Francis Hui

Are You Considering the Lifestyle Lump Sum Max Scheme? What are the Eligibility Requirements, Features, Interest Rates & Scheme Options? Discover If This Equity Release Plan Is For You.

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Aviva Lifestyle Lump Sum Max Review

Lifestyle Lump Sum Max Key Details

Type Rate APR
Aviva Fixed 4.03% 4.10%

Scheme Incentives

  • Free Valuation

Scheme Offers

  • Inheritance Guarantee
  • Voluntary Partial Repayments
  • 3-year No Early Repayment Charge**
  • Bespoke Interest Rates***

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release scheme with all the choices available.

Or is it?

Is the Aviva Lifestyle Lump Sum Max, equity release scheme the best?

Don’t let your equity release dream become a nightmare!

Luckily, we’re here to guide you on the ins and outs of equity release, as you deserve only the best.

However, it’s important to remember that not all plans are suited to each individual. You need to look for one that will serve your home, your lifestyle, and the reason why you’re considering equity release in the first place.

As leading experts in the field, we’ve delved into hours of research, unpacked all the equity release plans on the market (we’ve reviewed over 250 schemes!), and discovered the best in the business.

Could the Aviva Lifestyle Lump Sum Max be the right equity release plan for you?
We’re here to help you:
Aviva is one of the leading equity release providers on the market and might just be the answer you’ve been looking for.
Can you truly go wrong with Aviva?
Let’s find out!
Aviva Lifestyle Flexible

What’s Equity Release?

An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.

Learn More: What’s Equity Release?

How Does Equity Release Work?

Equity release is available for individuals or couples over the age of 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.

Learn More: How Does Equity Release Work?

We’ve summed up the most important information about the topic in this quick video.

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Most popular reasons for releasing equity

Who Are Aviva?

Aviva plc is a British global insurance corporation with its headquarters in London. It serves around 33 million clients in 16 countries.1 Aviva is the largest general insurance and a significant life and pensions provider in the United Kingdom. 2
Learn more about the various Aviva equity release schemes.

Scheme Background

Unlock more value from your home with Aviva Equity Release and enjoy a tax free boost to your financial freedom.

By choosing Aviva you join the company of over 200 000 homeowners who since 1998 released over £7billion in equity. With health and lifestyle considered these homeowners continue to enjoy award winning service and range of flexible drawdown lifetime mortgage and lump sum plans.

As the largest name in equity release Aviva knows what it takes to make the most of your retirement.

Take a moment and consider yours.

Eligibility & Requirements

The Aviva Lifestyle Lump Sum Max plan is intended for homeowners seeking a larger equity release lump sum than the drawdown variant. The Lump Sum Max plan is a single lump sum plan without any option for drawdown.

Minimum Property Valuation

The minimum property valuation for the Lump Sum Max Mortgage is £75,000, with no upper limit.

Property Location Requirements

Property must be a primary residence in England, Wales, or Scotland, and Aviva is one of the few lenders that provide equity release plans in Northern Ireland.

Aviva will only take into account 85 percent of a flat’s current market value.

Single vs Joint

Aviva’s Lifestyle Lump Sum Lifetime Mortgage is offered on both a single and joint life basis, with a minimum age of 55 and no maximum age limit.

Minimum Release

On the Aviva Lump Sum Max plan, the lowest equity release is £15,000.

Scheme Features

The Aviva Lifestyle Lump Sum Max Option is a single lump sum lifetime mortgage program that gives an initial tax-free lump sum cash release that may be used right away. This is perfect for people who want fast access to cash and the highest amount available at a possibly cheaper interest rate than many other maximum release plans on the market.

Valuation Features

A generous free appraisal of up to £1 million is provided, as well as a set lifetime interest rate on the lump payment. Additional borrowing may be available in the future, depending on age and property value, as well as Aviva’s future lending terms.

Early Repayment Feature

Early repayment fees may apply if the loan is repaid for any reason other than those specified in our terms and conditions.

Equity Release Council Status

Aviva is indeed an Equity Release Council member, and all of its plans include a no-negative equity guarantee. As a result, if the property is eventually sold, any dependents cannot be left with an obligation to the equity release provider.

Joint Application Features

There is an additional protection provision for the plan’s last survivor for joint applicants.

If one of the homeowners dies or moves into care, the remaining companion has the option of repaying the lifetime mortgage to Aviva with no penalty within three years of the occurrence.

Scheme Options

This Aviva Lifestyle Lump Sum Max equity release program allows any homeowner to spend their tax-free income however they see fit, with no obligation to make repayments. However, one aspect of Aviva’s Equity Release programs is the Voluntary Partial Repayment Option, which allows the homeowner to begin paying up to 10% of the original amount borrowed each year with NO penalties.

This Aviva Lump Sum Lifetime Mortgage Plan includes the opportunity to incorporate improved terms based on the homeowners’ health status. As a result, if bad health can be demonstrated, more favorable terms can be given in the form of a greater maximum capital lump payment.

Aviva offers a variety of cashbacks as part of the Lump Sum Max choices, which the homeowner may select from. There are three of them: £0, £500, and £1,000. All cashback choices will have an impact on Aviva’s lifetime mortgage interest rate. The above-mentioned pricing does not include any cashback.

Repayment Options

Aviva has no restriction on the number of repayments that can be made in a 12-month period, as long as the 10% cap is not exceeded. This assists in managing the future balance of the UK lifetime mortgage plan, either to decrease the roll-up impact of the interest, pay off the interest alone, or even to lower the future balance by utilizing the entire 10% allowed.

Inheritance Protection

The Inheritance Protection function, which allows the homeowner to secure a predetermined proportion of the property’s ultimate sale value. This is critical for individuals who want to ensure a percentage of the property value from their inheritance.

Application Fees

There is also the option to accept or refuse the free valuation offer.

By paying for the value in advance, Aviva’s equity release rate of interest will be reduced.

Cashback Options

As a result, all lifestyle choices such as cashbacks and appraisals have an impact on the equity release conditions given and may be tailored to meet the needs of the homeowner.

The Aviva equity release interest rate shown above is the lowest available rate for this plan depending on the lifestyle options chosen.Early repayment fees may apply if the loan is repaid for any reason other than those specified in our terms and conditions. The fee may be up to 25% of the loan amount, plus any extra borrowing or cash reserve releases. There may also be a cost for administration.


*A £5 application fee reduction is available until further notice.
** The three-year no-early-repayment-charge period applies to joint life policies if the loan is repaid within three years of death or long-term care of a spouse.
***Rates are determined by personal factors such as age, health, loan amount, and property information.

Editor’s Rating: 4.66

Aviva's Other Equity Release Schemes

Are you looking for a specific equity release scheme?

These are some of the schemes offered by Aviva.

Not what you're looking for?

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare interest rates on equity release!

Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.


Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.

See how much you can release today!

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rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
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Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
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Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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