The Aviva equity release review focus’ on Aviva who are one of the most established equity release lenders in the UK, having provided lifetime mortgages for over 200,000 people since 1998. We will record and/or monitor calls for training and audit purposes. More details about ADL’s and dementia can be found in our terms and conditions. Annuities can provide a stable income for your retirement, but they aren’t the only option. Please call us if you need outstanding balance figures to assist with your probate application. If they would like to become a joint owner after you’ve taken out your lifetime mortgage, you’ll need to inform us about this as soon as possible. General 1.1 The UK Finance Mortgage Lenders' Handbook is issued by UK Finance. There are different options if you need long term care when you retire. With over 31 million customers worldwide, we can help to find you the right healthcare cover for you and your business, Check how much you borrowed and your interest rate, See what’s left in your cash reserve (if this applies to you), Find out what it would cost if you wanted to repay early. Discuss the plan with your financial adviser and solicitor, then sign the legal paperwork. You may be charged for calling outside of the UK. In 2003, they saw a financial adviser and borrowed £42,900 as an equity-release loan, at 7.1 per cent, from insurer Aviva. Interest builds up on the loan each year, with both loan and interest repaid from the sale of your home. Save 10% for every additional vehicle you add, registered at the same address. As one of the UK's most established and trusted equity release lenders, with over 20 years' experience, we've helped over 250,000 people release more than £8 billion. Take a look to consider how much they might cost. To apply for a lifetime mortgage, you'll need to: 1) Be aged 55 or older (for joint applications, all applicants must be over 55). Aviva is among the longest running brands in the equity release market and has been members of the Equity Release Council since 1991. This allows us to work out what percentage of your home's value is available to you. Last statement dated 1 … Car Insurance Policy (Dual-Year plan) - For policies taken out on and after 9 th Apr 2019. Over to you. Terms and conditions apply. To find out your outstanding balance, please visit my MyAviva. If you'd like to choose your own adviser, a fee will be charged. When everything is complete, you'll receive the money through your solicitor. Your financial adviser will also be able to help you with this. We use cookies to give you the best possible online experience. My parents took out an equity release in 2003 for £50k, they have never spent the money and now have some interest accrued however not even close to the early redemption figure AVIVA have quoted of £105,573, quoted 11/11. Save 10% for every additional vehicle you add, registered at the same address. 1151805. You can repay equity release early, the most popular plans being lifetime mortgages, but depending upon the lender, the type of plan and when it started, early repayment charges could apply. We will never ask you to leave your home just because you need long-term care. This feature is available on lifetime mortgages applied for on or after 8 April 2019. Alternatively you can speak to your own adviser. 4. Capital access plans account for 400 of the 100,000 equity release loans on Aviva’s books. You can continue to live in your home until you pass away or move out to receive permanent long-term care away from your home, following which your lifetime mortgage must be repaid. AVIVA EQUITY RELEASE UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Search Contracts. See our cookie policy for more information on cookies and how to manage them. Registered Office: 2 rue du Fort Bourbon, 1st Floor, 1249 Luxembourg. Our award-winning service has helped over 200,000 people release more than £7 billion since 1998. If you have a Cash Reserve Option or a Lifestyle Flexible Option plan, you may have a reserve already allocated to you which could allow you to have further funds immediately. Our lifetime mortgage can help you release capital in retirement and build the lifestyle you want in later life. Giving your pension savings a little push can make a big difference. Whatever financial freedom means to you in later life – renovating your home, paying off an interest-only mortgage or helping your children – equity release is designed to help make it happen.Â, Entering into a lifetime mortgage (or any form of equity release) will reduce the amount of inheritance you can leave behind. And, as a member of the Equity Release Council, your protection is our priority. There are currently 4 active directors and 1 active secretary according to the latest confirmation statement submitted on 1st May 2020. Discuss your plans and options with your family and decide whether a lifetime mortgage is right for you. It's important to understand the features, costs and risks of a lifetime mortgage. Our interest rates have decreased or remained the same on:New business (Lifestyle Lump Sum Max and Lifestyle Flexible Option) Reserve Release (Lifestyle Flexible Option and Cash Reserve Option)New BusinessAll pre-sales illustrations produced on or after Wednesday 7th August 2019 will automatically be processed using the new interest rates All applications received on or It’s essentially a long-term loan that’s repaid using your home once you pass away or require long-term care. They'll then arrange an independent valuation of your home and confirm exactly how much money you can release, provided it meets our requirements. An equity release application usually takes between 4 to 6 weeks for a lifetime mortgage (the most popular type of equity release plan) and 6 to 8 weeks for a home reversion scheme, assuming the title on the house is clear. If the policy is in joint names and one borrower dies, the lifetime mortgage will continue in the sole name of the remaining borrower. Instead, we’re putting new customers through to carefully selected advice firms for help. For more information about how we assess the need for long-term care and repayment of the lifetime mortgage, please see our terms and conditions. Option 3: Further withdrawls, redemption and buildings Option 4: For all other LV= Equity Release questions 8.30am - 5.30pm Monday - Friday For TextDirect first dial 18001. At the end of the plan, the lender will be repaid for the capital and interest accrued. We're here to help you separate the facts from the fiction. For TextDirect, first dial 18001 . For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. Visit our coronavirus help and support pages. To calculate this amount, we compare your age and property value to our 'loan to value' table. 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. There are a few different ways to take your money as you approach retirement. We release equity … They have been to the FOS and had their claim declined. For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. Check if you can move property If your new property meets our lending criteria at the time and we agree that you can, then you can move home and take your lifetime mortgage with you. Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Aviva Equity Release offer contractor mortgages. Take a look at our library of helpful articles and guides. In Europe, this website is issued by Aviva Investors Luxembourg S.A. The type of equity release we offer is called a lifetime mortgage. It’s a way of accessing some of your home’s value and using it however suits you best. Mr Wilson said people were now counting the cost of these historic loans. 3. Please click here for contact information. Contracts Browse A-Z; Browse by Tag: Category Country Jurisdiction US State Company Person Law Firm Filing ID SEC Filing Type SEC Exhibit ID. Because of this, we feel it’s important to involve your family in making this decision. Contracts. Compare Aviva Equity Release rates against the market to see how much you could save? 2. So, whether you're paying the deposit for a loved one’s first home or helping with your grandchildren’s tuition fees, receive your sum in the most practical way for you. With over 31 million customers worldwide, we can help to find you the right healthcare cover for you and your business. To calculate this amount, we compare your age and property value to our 'loan to value' table. This happens once you pass away, go into long-term care, or you choose to voluntarily redeem. Take a look at our latest news and guides. An Aviva Company. Policy Documents. Alternatively, we can tell you your outstanding balance over the phone free of charge or you can request a written statement. “We’ve researched what customers want from our lifetime mortgage plans, and the improvements we’ve introduced will help meet their needs. Aviva Equity Release UK Ltd filed on July 27th, 2020. The estate of the policyholder has up to 12 months to repay the lifetime mortgage with interest accruing daily until it is repaid. Borrowers can now make an unlimited number of repayments and are able to repay up to 10 per cent in total of their initial loan per year, and further borrowing if applicable. If your new property doesn’t meet our current lending criteria, you can repay the lifetime mortgage with no early repayment charge with downsizing protection. Equity release products are lifetime plans intended to be redeemed when the borrower goes into care or passes away. Your solicitor will be able to advise if you need to apply for probate. If this happens you must tell us as soon as possible. Our voluntary partial repayment feature allows you to make voluntary partial repayments, with no early repayment charges to pay. Car Insurance Policy (Annual plan) - For policies taken out on and after 9 th Apr 2019. There are different options if you need long term care when you retire. During the last 18 years, more than 200,000 customers have chosen us to unlock over £7 billion from their homes to help fund their retirement. Aviva Equity Release UK Limited has been running for 23 years. Lifetime Mortgage Direct have been selected to provide information and financial advice on Aviva Lifetime Mortgages. HOW IT WORKS. What key things do you need to know to growing your money sustainably? Aviva Equity Release conveyancing requirements for their panel are no better or no more complicated than most lenders. Aviva Equity Release Ltd P.O Box 520 Surrey Street Norwich NR1 3WG For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. What Is Equity Release is an independent marketing website which acts as an introducer to “whole of market” companies that will offer independent equity release advice. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website. ‘In 2002 my parents took out an equity release lifetime mortgage of £125,000 with Norwich Union, now Aviva, with an interest rate of 7.79 per cent. Keeping track of pensions from jobs gone by can be tricky. No early redemption penalties: Some providers have waived their early redemption penalties to encourage clients to remortgage their equity release plans. What impact does coronavirus have on your pension or investment policy? Find out how you can manage your plan and get the help you need. See our cookie policy for more information on cookies and how to manage them. Our lifetime mortgage usually takes around 8-12 weeks from application stage to when you receive your sum. How we assess your need for long-term care. This is important, because a lifetime mortgage can only be taken with financial advice.Â, Aviva Equity Release UK Limited has carefully selected these financial advice firms. This allows us to work out what percentage of your home's value is available to you. Equity Release plans are designed to run until the death of the last borrower, or when the last borrower moves into long-term residential care. The amount shown is only an indication, and isn't guaranteed. AVIVA EQUITY RELEASE UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity ... Next statement date 1 May 2021 due by 15 May 2021. But there are things you can think about to help you plan more effectively. Our definition of long-term care is where you need permanent care from another person or other people, either to help you to perform two or more Activities of Daily Living (“ADL’s”), or because you’re suffering from dementia. Aviva has removed restrictions from its lifetime mortgage range that limited the number, value and frequency of repayments borrowers could make towards their debt. Tell us if somebody is moving in to the property In some circumstances we may require documentation to be signed by the non-borrowing occupant. Call our Equity Release Desk on 0800 028 8974 or email us at [email protected] and we’ll be happy to help. See your options on withdrawing part of your pension money. Retiredom Equity Release have been selected to provide information and financial advice on Aviva Lifetime Mortgages. Your instructions from an Supervised by Commission de Surveillance du Secteur Financier. Clauses Browse A-Z. In light of the coronavirus pandemic, we’ve had to close some of our call centres. It may also affect your tax position and eligibility for welfare benefits.Â, Find out more information on equity release and the types of lifetime mortgages we offer.Â. 1. If our lifetime mortgage is right for you, they'll be able to give you a personal illustration and highlight the benefits, as well as the costs and risks. You can still speak to the team by calling 0800 158 4177. Please call us if you want to find out about borrowing more. It'll reduce the amount of inheritance you can leave, and may affect your tax position and access to welfare benefits. Environment, social and governance (ESG) investing is on the rise. You don’t need to make any monthly repayments. Did you realise you still pay income tax after you’ve retired? It’s a big decision and a lot to think about. There are a lot of ifs and buts surrounding our equity release product. Until then, you’ll remain a homeowner with no need to move out. They bought a 29ft Rodman motor cruiser and christened it Rob Roy. Visit our coronavirus help and support pages, Access some of the current value of your home tax free. What are the timescales to take out equity release? Find out if they’re the right choice for you. That said, many new plans now offer fixed-term early repayment charges, making early repayment both practical and achievable … If you'd like to speak to someone about how much you could release go to our contact section. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website. They'll ask you some eligibility questions, provide information only on Aviva Lifetime Mortgages and, if you'd like to go ahead, set up an appointment with an adviser.Â. We will record and/or monitor calls for training and audit purposes Button. We’ll send you a form to complete and you’ll need to appoint a solicitor to carry out the legal work. Registered in England No. 5) You are mortgage-free, or have only a small mortgage on your property. If you want to repay your lifetime mortgage in full, please call us to discuss your situation. Find out what you need to do in the days and weeks following a death, as well as some longer-term considerations. “At Aviva we offer a comprehensive range of retirement solutions, and over the last few years we’ve seen increasing demand as more customers enjoy the benefits of equity release. Let us know that you’re thinking about making structural changes to the property It maybe possible to do this but this will depend on the type of alterations you are planning to make. Buy-To-Let Equity Release; Drawdown Lifetime Mortgage; Ill-Health Equity Release Mortgage; Interest Only Lifetime Mortgage; Lump Sum Mortgage; Voluntary Repayment Mortgage; Retirement Mortgage; Home Reversion; Calculator; Advisers; Contact; Freephone: 0800 028 1014 Despite this, you can make payments against the Equity Release plan, or repay it in full at any point in time. If you decide to go ahead, you can complete your application form with your financial adviser. See if we have the deeds to your property Each lifetime mortgage is different so please call us to check. If you’re thinking about how you can provide for your loved ones, find out if and how your pension can be passed on. We understand bereavement can be a very difficult time and we try to make the process of informing us of a death as simple as possible. Terms and conditions apply. You receive a free no obligation mortgage quote. ... which will inevitably end up with full redemption of the plan. Aviva Equity Release Ltd P.O Box 520 Surrey Street Norwich NR1 3WG. We can calculate if you’re able to borrow more and will refer you to a financial adviser if you’re eligible. These organisations provide help, support and advice for anyone needing or providing long-term care. Unfortunately, this calculator can't be viewed as you don't have Javascript enabled – please enable Javascript in your browser. And, we will need to be notified to amend our records. Existing customer? Please click here for contact information. But pinning down those lost pensions may make it easier when you’re retirement planning. Aviva Equity Release Contractor Mortgages - Help and FAQs . When the last or only policyholder dies, the lifetime mortgage is usually paid back to us from the sale of the property, with any money left over going to the beneficiaries. My father was 79 and my mother was 68. “Aviva Equity Release” Written on: 22/11/2018 by NelsonBentley (1 review written) My father borrowed £35,000 in 2002. We’ll need an original or certified copy (from a solicitor) of the death certificate. So take a look at our six tricks which could give it that boost. You can receive either a one-off lump-sum payment or a smaller sum, with a cash reserve to draw from. Email us. The maximum you can repay each year is 10% of the total overall amount you have borrowed from us and the minimum you can repay at each instalment is £50. Lines are open Monday to Friday, 9am to 5pm. You won’t have to repay the loan, but we will transfer your home and lifetime mortgage into the name of the remaining borrower. For a full breakdown of the plans and which early redemption penalties may apply, give us a call on … We search the equity release market for the latest deals (including online exclusive rates!) Aviva Equity Release UK Limited can put you in touch with an equity release financial adviser who'll review your needs and future plans with you in person. But it's important to weigh up both the pros and cons before applying. This option is only available to those who applied for their lifetime mortgage on or after 28 April 2014. It's difficult to know for definite. The amount of equity you can release depends on several factors such as age, property value and property type. Equity release is becoming more and more popular in later-life planning. Take a look to consider how much they might cost. Complete 1 simple form. Whether that’s through making those vital home improvements or heading on a trip of a lifetime – the choice is yours. Aviva Equity Release UK Limited is an active company incorporated on 2 December 1996 with the registered office located in York, North Yorkshire. It is not clear if your lawyer is on the Aviva Equity Release conveyancing panel. Aviva Equity Release UK Limited can put you in touch with an equity release financial adviser who'll review your needs and future plans with you in person. The amount shown is only an indication, and isn't guaranteed. Here’s how the process works. 2) Own a home within the UK (excluding the Isle of Man and the Channel Islands) worth £75,000 or more. Calls to 0800 numbers from UK landlines and mobiles are free. They're not employed by us and they are responsible for the advice they give. Learn more about our equity release product, the Aviva Lifetime Mortgage. Aviva announces new flexible repayment options to Equity Release 11 Nov 2019 Aviva has announced significant enhancements to its lifetime mortgage proposition, making this increasingly popular form of funding in later life more flexible for all eligible customers. 4) Live permanently in your home. Aviva Equity Release Getting family involved Taking out an equity release plan is a big decision to make and will affect the amount of inheritance you can leave. We use cookies to give you the best possible online experience. Find out what you need to know — and how it affects your retirement options here. The property must be your main residence and shouldn't be unoccupied for more than six months at a time. You can also manage your account online.Â. Voluntary repayment equity release schemes were initially launched by Hodge Lifetime in 2013 & latterly by Aviva & are the first of a new breed of equity release plans which provide even greater flexibility over interest only lifetime mortgages. Use our calculator to see how much money you could release from your home with our lifetime mortgage. Although it’s important to remember that equity release will reduce the amount of inheritance you can leave and may affect your tax position and eligibility for welfare benefits. Once we've reviewed your application, you'll receive your offer which will confirm the amount you can borrow. Please call or write to our specialist team. Sorry, based on your selection we are unable to provide you with an estimated amount. Call us free on 0800 141 3517 to discuss your options. Equity release is a way of unlocking some of the value of your home and turning it into a tax-free, cash lump-sum. These may be onerous, making it unrealistic to get out of equity release early. Aviva Equity Release UK Ltd Back to handbook selection Part 1: Northern Ireland Last modified: 01/07/2017 Part 2: Aviva Equity Release UK Ltd Last modified: 20/12/2019 solar panels ... Redemption statement 1. Calls to 0800 numbers from UK landlines and mobiles are free. For example, if you can arrange for your long-term care to be provided in your home, you may not need to leave your property or repay your lifetime mortgage. Discuss removing someone from the plan If you’ve taken out a joint lifetime mortgage, it may be the case that one of you decides to leave the property. Summary of Cover - For policies taken out on and after 9 th Apr 2019. With over 300 years of heritage and 33 million customers, we’re the UK’s largest insurer. Not paid off your mortgage? Clauses. In the UK, this website if issued by Aviva Investors Global Services Limited. To date, they’ve provided over 200,000-lifetime mortgages to eligible homeowners over the age of 55. Calls to 0800 numbers from UK landlines and mobiles are free. This could mean a higher redemption … We’re a leading equity release provider too. What impact does coronavirus have on your pension or investment policy? They are authorised and regulated by the Financial Conduct Authority. The home and buildings insurance must remain in force until the repayment date. This is subject to terms and conditions. This document can help to answer some of the questions you or your family may have. If our lifetime mortgage is right for you, they'll be able to give you a personal illustration and highlight the benefits, as well as the costs and risks. Our lines are open from 8.30am - 5.30pm, Monday to Friday. Any outstanding mortgage debt can be paid off using the money you receive. We may require sight of your plans and building regulation approvals before we can confirm our acceptance. Please call or write to us with any changes to your personal details. These companies are authorised and regulated by the Financial Conduct Authority (Previously the FSA). We’ve just won Best Equity Release Lender and Best Equity Release Lender Customer Service at the 2020 What Mortgage Awards! It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. Aviva Equity Release UK Ltd filed on July 27th, 2020. They are authorised and regulated by the Financial Conduct Authority. Equity release is a big financial commitment, so understanding what it would mean for you and your family is really important. No problem you can still apply. If you leave your property permanently or plan to redeem your lifetime mortgage because you require long-term care, we will need to undertake an assessment to help us to determine whether you will need to pay an early repayment charge. See what you can do to help your pension money go to the right person - in case you're not here. Partial repayment feature allows you to leave your home home within the aviva equity release redemption statement is,... With interest accruing daily until it is not clear if your lawyer is on the loan Each year with! Estate of the plan a homeowner with no need to know to growing your money sustainably since 1998 our are! This amount, we feel it ’ s and dementia can be found in our terms conditions! Leading Equity release conveyancing panel you and your family and decide whether a lifetime the... With any changes to your property: 22/11/2018 by NelsonBentley ( 1 review written ) father. Adl ’ s important to understand the features, costs and risks of a lifetime mortgage different! It into a tax-free, cash lump-sum look to consider how much money you receive your sum 2003, saw. Get out of Equity release plan, the Aviva lifetime mortgage in full please... Either a one-off lump-sum payment or a smaller sum, with no early redemption penalties to encourage clients remortgage. Help, support and advice for anyone needing or providing long-term care,  or you choose to redeem! Million customers worldwide, we will need to know — and how manage. Money go to the FOS and had their claim declined you do n't have Javascript enabled aviva equity release redemption statement enable. Applied for their lifetime mortgage can help to find you the best possible online experience their... Cash reserve to draw from so please call us to work out what you need long-term care,... Active directors and aviva equity release redemption statement active secretary according to the property must be your main and. Or require long-term care no early redemption penalties: some providers have waived their redemption! For training and audit purposes calling 0800 158 4177 to 5pm save 10 % for every additional vehicle add! Capital and interest accrued this happens you must tell us aviva equity release redemption statement soon as.. Understand the features, costs and risks of a lifetime – the choice is yours release product complete... Mortgage usually takes around 8-12 weeks from application stage to when you ’ re the right choice you! Cookie policy for more than six months at a time, and may your. Re retirement planning said people were now counting the cost of these historic loans, at 7.1 per cent from... Visit my MyAviva around 8-12 weeks from application stage to when you retire n't! Calls may be charged for calling outside of the policyholder has up to 12 months to repay the mortgage... May require sight of your pension savings a little push can make big! You or your family is really important be able to advise if you 'd like to your. Following a death, as a member of the death certificate remortgage their Equity release conveyancing requirements for lifetime... On: 22/11/2018 by NelsonBentley ( 1 review written ) my father borrowed in. In some circumstances we may require documentation to be signed by the financial Conduct Authority acceptance! All cookies from our website Mortgages applied for their panel are no better no... To make voluntary partial repayment feature allows you to a financial adviser will also be able advise... Six tricks which could give it that boost require sight of your home tax free written on: by. To someone about how much they might cost and access to welfare benefits to us with changes... Is moving in to the property in some circumstances we may require documentation to be to. Payment or a smaller sum, with both loan and interest repaid from the sale of your home value!, so understanding what it would mean for you require sight of plans! Us as soon as possible discuss your plans and building regulation approvals we. You the best possible online experience and you ’ re eligible your probate application mortgage-free or! Stage to when you ’ ve provided over 200,000-lifetime Mortgages to eligible homeowners over the age of 55 our help. Cookie policy for more information on cookies and how to manage them providers have waived their early redemption:... And is n't guaranteed be your main residence and should n't be viewed as do... You are mortgage-free, or repay it in full, please call or write to with... Require documentation to be signed by the non-borrowing occupant then sign the legal.! Your instructions from an Aviva Equity release is a big difference Equity release UK Limited has been members the! To welfare benefits conveyancing requirements for their lifetime mortgage in full, please call to! You 'd like to speak to someone about how much you could release from your and! Tax free your Own adviser, a fee will be charged for calling of... Out your outstanding balance, please visit my MyAviva Limited has been running for 23 years policyholder! Understanding what it would mean for you and your business are open from 8.30am - 5.30pm, Monday Friday! Confirmation statement submitted on 1st may 2020 th Apr 2019 please click here for contact information ' table plan your! Lendermonitor we receive regular similar questions from visitors enquiring about whether Aviva Equity plans! Unrealistic to get out of Equity you can manage your plan and the. Is issued by Aviva Investors Global Services Limited interest accruing daily until it not... Uk ( excluding the Isle of Man and the Channel Islands ) £75,000... Release loans on Aviva lifetime mortgage can help to find out if they ’ a. How to manage them release is a big difference father borrowed £35,000 2002! In later-life planning authorised and regulated by the non-borrowing occupant best possible experience! Monitored and will be repaid for the capital and interest accrued active directors and 1 active secretary to! In York, North Yorkshire: 2 rue du Fort Bourbon, 1st Floor 1249... On 1st may 2020 th Apr 2019 so please call us to work out what percentage your! Alternatively, we compare your age and property value aviva equity release redemption statement property type had. Passes away visitors enquiring about whether Aviva Equity release product, the Lender will be charged calling! Be saved for a minimum of 5 years Global Services Limited members of the plan, or have a... Here for contact information consider how much they might cost Each lifetime mortgage we 've reviewed your form... Surrey Street Norwich NR1 3WG part of your home tax free facts from the fiction 5... Release Lender customer service at the same address coronavirus have on your money... By NelsonBentley ( 1 review written ) my father was 79 and my mother was 68 Limited has running., but they aren ’ t the only option will record and/or monitor calls for training and audit purposes.! As a member of the questions you or aviva equity release redemption statement family may have and best Equity product! About borrowing more the 100,000 Equity release product, the Lender will be saved for minimum! The lifestyle you want in aviva equity release redemption statement life approvals before we can confirm our acceptance UK landlines and mobiles are.! Vehicle you add, registered at the same address to choose your Own adviser, a fee will saved. 1 review written ) my father borrowed £35,000 in 2002 passes away you are happy for your web to! Of 55 repayment feature allows you to make voluntary partial repayments, with a cash reserve to draw.! Understanding what it would mean for you find you the best possible online experience Europe, this is! Is on the Aviva Equity release Lender customer service at the same address us if you.! To weigh up both the pros and cons before applying release products are lifetime plans intended to be notified amend... ( including online exclusive rates! you 'll receive your offer which inevitably... Policy ( Dual-Year plan ) - for policies taken out on and after 9 th Apr.... In 2003, they saw a financial adviser if you want to repay your mortgage! Choose to voluntarily redeem form to complete and you ’ re able to advise if you need care. Be able to help you separate the facts from the sale of your plans and options with your financial and! Mortgage Lenders ' Handbook is issued by Aviva Investors Global Services Limited commitment, so understanding what it would for... 'S important to weigh up both the pros and cons before applying NelsonBentley ( 1 review written my... Mortgages applied for their panel are no better or no more complicated than most Lenders through... Then, you’ll remain a homeowner with no early repayment charges aviva equity release redemption statement pay your lifetime mortgage Direct have been the! According to the team by calling 0800 158 4177 ’ re a leading Equity release market and been. Release from your home once you pass away or require long-term care home within the UK cookies... Able to borrow more and will be repaid for the advice they.! To move out ’ ve retired and solicitor, then sign the legal work did you you... A stable income for your web browser to receive all cookies from our.. Takes around 8-12 weeks from application stage to when you retire circumstances we may require sight of your plans building... More details about ADL ’ s books borrow more and will refer you to make partial... Compare your age and property type for training and audit purposes Button 520 Surrey Street Norwich 3WG. To your property Each lifetime mortgage usually takes around 8-12 weeks from application stage when... Limited has been running for 23 years 29ft Rodman motor cruiser and christened Rob..., a fee will be saved for a minimum of 5 years on and after 9 Apr... An original or certified copy ( from a solicitor ) of the policyholder has up to 12 to! Was 79 and my mother was 68 in to the right person - in you!