Equity Release Schemes

If you are aged over 55 years old you may wish to or have considered trying to release some of the equity value from your home. A cash lump sum or monthly amount can be released from the equity in your home for you to realise your hopes and dreams with. We introduce you to Aviva (formerly Norwich Union), they are the UK's leading provider of equity release products with over ten years experience and over 90,000 satisfied customers now enjoying an improved lifestyle. [source:http://www.aviva.co.uk/equity-release]

Lifetime Mortgages

The most popular form of equity release available. A cash lump sum, monthly amount or combination of the two is obtained via a loan secured on your property. You retain ownership of your home and can remain living there for as long as you wish. There are no monthly payments; interest is "rolled up" until the end of the mortgage loan and repaid at that point. The lifetime mortgage ends either upon death or when the borrower goes into long-term care.

Home Reversion Plans

An alternative scheme whereby you sell an agreed percentage of the value of your home to the reversion company and receive a cash lump sum. You continue living in your home for as long as you wish and pay no rent on the portion that is owned by the company. Upon sale of the home, the original percentage share sold to the company is retained by them, whatever the value. These products are normally only offered to customers aged 65-80, or in joint cases the youngest person must be aged 80 or younger.

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Mortgages

Residential Mortgages
Buy To Let Mortgages
Equity Release Schemes
Commercial Mortgages / Business Loans
Self Build Mortgages
Overseas Mortgages

Insurances

Life Insurance
Critical Illness Cover
Income Protection
Business Insurances
Business Protection
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* This is a Lifetime Mortgage / Home Reversion Scheme. To understand the features and risks, ask for a personalised illustration.

Advice on Lifetime Mortgages & Home Reversion Schemes is available through introductions to Aviva. The Mortgage Centre (Home Counties) Ltd does not provide advice on Lifetime Mortgages or Home Reversion Schemes.

Lifetime Mortgages and Home Reversion Schemes are not available in the Channel Islands and Isle of Man. Home Reversion Schemes are also not available in Northern Ireland or Scotland.

Aviva Equity Release UK Limited are Authorised and regulated by the Financial Services Authority.