Release money from your home to help you achieve
EQUITY Release is allowing thousands of UK home owners to tap into the value of their properties and is proving to be a viable and attractive option for many people today.
The most common equity release product that people take out is a lifetime mortgage.
Typically, people who take advantage of equity release are in their mid-sixties or seventies. Like you, they have seen the value of their home rise over many years while working hard to repay their mortgage.
Releasing a cash lump sum with a lifetime mortgage could allow you to unlock some of the money tied up in your home to spend however you wish – on home improvements, a holiday, or helping your family onto the property ladder or through university.
Or, like others, you could choose to boost your income in retirement. Common questions about lifetime mortgages: until you die or move into long-term care.
All reputable equity release providers are regulated by the Financial Conduct Authority and are members of the Equity Release Council, a trade body that protects equity release customers by ensuring members adhere to their Code of Conduct.
If you’re considering any form of equity release, it is vital to seek expert financial advice to make sure it is right for
All providers who are members of the Equity Release Council offer a no negative equity guarantee, which ensures that your estate will not have to repay more than the money received from the sale of your home, providing it is sold for the best price reasonably obtainable.
Taking a lifetime mortgage will always Equity release could enable you to unlock some of the money tied up in your property so you can enjoy the finer things in life reduce the amount of inheritance you can leave but many providers offer a way to protect a percentage of the value of your home to be inherited by your loved ones.
However doing this will reduce the amount you are able to release.
If you’re a homeowner aged 55 or over, equity release could be an option for you.
Minimum property values and property types apply.
Visit aviva.co.uk/ equity-release for further details.