For homeowners over 55 that want to access the money tied up in their home. However, please contact us directly on properties over £2 million as Aviva may impose restrictions on certain properties over this value. Home valuation from £275. Equity release interest rates are at unprecedented lows in 2020 due to increased demand for lifetime mortgages … If you’re not making monthly repayments to reduce the debt, then the interest compounds and compounds. Find out what you could potentially save by switching to a new plan. Learn how they work. What should you be thinking about before taking the next step? Equity release may not be your only solution. Please read our Privacy Policy for further details. In closing. 5 by Feefo.com based on Learn more here. There are no set interest rates, similar to a traditional mortgage, you’ll receive personalised interest rates related to your circumstances, the property value etc. Information and qualifying criteria on these lifetime mortgages here. Make ad-hoc repayments which can help manage your final balance to be repaid. You could release money from your buy-to-let investment portfolio. Health conditions could help you borrow more money. Valuation fee as small as £246. ***Rates dependent upon personal criteria such age, health, loan amount & property details. For over 30 years, Moneyfacts has been helping people to find the best financial products. Free to use, equity release calculator range. These are £0, £500 & £1,000. Why is it important to have expert financial advice when taking out an equity release plan? Low average equity release interest rates continue to feature as a key trend in the market, with the average interest rate in January 2020 at 4.48%****. We won't share it with other companies. The lowest Equity Release interest rate is currently 2.27% (AER) fixed for life. In fact, Aviva has won Best Equity Release Lender Customer Service since 2017, and Best Equity Release Lender since 2013 1. Health conditions can improve the offer from your lender. Norwich Union, the UK’s largest provider of equity release products, is reducing the fixed rate of interest on its Cash Release Plan from 7.55% to 7.29% with immediate effect for new business. By continuing to use the site you are agreeing to our use of cookies. Find out how much money you could borrow when taking out a lifetime mortgage against your buy-to-let property. This can be done by increasing the interest rate on their loan. Find out how much money you could potentially release with an interest-only lifetime mortgage. In the Spring 2020 Market Report, the Equity Release Council stated that average interest rates for Equity Release were 4.48%. **The 3-year no early repayment charge applies to joint life plans where the loan is repaid within 3 years of death or long term care of a partner View Cookies Policy, Lifestyle Flexible Enhanced - £500 cashback, Lifestyle Flexible Option - £500 cashback, Lifestyle Flexible Option - £1000 cashback. More details here. Also available are Legal & General or HSBC UK. Equity Release Loan To Value for Aviva Home Equity Release 55 plus. Learn how you could borrow more, or lower your rate here. Find out how much money you could potentially release with an interest-only lifetime mortgage. Understand what they are and how much you can borrow. Please contact the team on Freephone 0800 802 1051, if your valuation is higher. The ‘big 6’ high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander and Royal Bank of Scotland (RBS) don’t currently offer lifetime mortgages or other Every year our in-house money experts cast their eye over all the equity release products available to the UK market, using their in-depth knowledge to determine those that truly represent the best solutions. enhanced borrowing if you have qualifying medical conditions. Find out what you could potentially save by switching to a new plan. Income periods of between 10 - 25 years are available to meet your retirement income needs. Aviva are a household name; best known for the range of insurance and pension products they offer. To obtain further information or to request a quotation on the Aviva Lifestyle Lump Sum Max Lifetime Mortgage, please contact the Equity Release Supermarket team on Freephone … House valuation from £294. I hope that I have provided you with an understanding of Aviva's equity release product offering. Health conditions can improve the offer from your lender. Find out the maximum you could borrow with a retirement interest only mortgage (RIO) – a residential mortgage, based on income that allows you to borrow on an open - ended basis into retirement. Equity release interest rates range from 2.30% to 4%. Equity release is a big financial decision. Income periods of between 10 - 25 years are available to meet your retirement income needs. Learn how they work. If they took out a £100,000 Lifestyle Flexible Option equity release loan with Aviva at an interest rate of 3.71 per cent, they would have to pay a £15,973 if the index fell by 1 per cent. The lenders OneFamily or Metro bank rates with Aviva 0800 802 1051 for your personalised Aviva key Facts Illustration aged. General or HSBC UK protection feature for the latest deals ( including online exclusive rates! alternative available. Lifetime mortgages here product offering are free able to unsubscribe and so not any... 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