Aviva

Mark Gregory

Checked for accuracy and updated on 30 October 2025

Aviva are one of the UK’s best-known financial brands - trusted for their long history in insurance, pensions, and retirement products. They’re also one of the longest-established lifetime mortgage providers in the UK. Since 1998, Aviva’s award-winning equity release range has helped over 284,000 customers release more than £11 billion of property wealth.

Aviva offer two types of lifetime mortgage: - 'Lifestyle Lump Sum Max’ and the ‘Lifestyle Flexible Advantage’. The Lifestyle Lump Sum Max plan allows you to release a single, one-off lump sum to spend as you choose. The Lifestyle Advantage plan provides greater flexibility - you can release an initial lump sum and, if eligible, set up a cash reserve facility to drawdown from in future. It also introduces Aviva’s unique 10% flexible interest-servicing uplift, which rewards customers who make voluntary repayments by adding an extra 10% to those payments, helping reduce borrowing costs.

Key features across Aviva’s lifetime mortgage range include:

• Inheritance guarantee – protect a portion of your home’s value for beneficiaries.
• Voluntary partial repayments – repay up to 10% per year of the amount borrowed, penalty-free.
• Enhanced borrowing – access higher release amounts if you have certain medical conditions.
• Downsizing protection – after three years, you can sell your home and repay your plan early without incurring an early repayment charge (subject to the property you move into).

Aviva’s flexible underwriting also enables them to consider a wide variety of properties - including those with self-contained annexes, limited commercial use, or qualifying holiday-let elements — all assessed individually and subject to standard lending criteria.

Whether you want a one-off lump sum or an ongoing drawdown facility, Aviva lifetime mortgages combine trusted experience with modern flexibility to help you make the most of your retirement.