Aviva are a household name; best known for the range of insurance and pension products they offer. They are also one of the longest standing lifetime mortgage providers in the UK. Their award-winning products and services have helped over 200,000 people release more than £7 billion of equity from their homes since 1998.
Aviva offer two types of lifetime mortgage: ‘Lifestyle Lump Sum Max’ and ‘Lifestyle Flexible Option’. As their names suggest, the ‘Lifestyle Lump Sum Max’ plan enables you to release a single, one-off lump sum whereas the ‘Lifestyle Flexible Option’ allows you to release an initial lump sum and also set up a reserve fund which you can drawdown against in the future.
The main features that Aviva lifetime mortgages offer include: Inheritance guarantees, voluntary partial repayments (upto 10%pa of the total amount borrowed), enhanced borrowing if you have qualifying medical conditions. Aviva’s downsizing protection feature allows you to sell your home after 3 years, and repay your lifetime mortgage without incurring any early repayment charges dependent upon the property you move into.
Aviva’s relaxed lending approach now allows them to consider properties with self-contained areas such as annexe’s and holiday lets, plus the inclusion of some commercial use - both within the property and on adjacent land, subject to limits.
Call us anytime
We understand that with different options to choose from, it can be difficult to find the right home reversion plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer all your questions and find the right solution for you. It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser. That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.