AVIVA Mortgages

Compare AVIVA Mortgages

AVIVA offers lifetime mortgages, which are a type of equity release plan, to customers who are looking to add to their retirement income using the value locked into their property. Lifetime mortgages are available to homeowners aged 55 and over. The amount you can release will depend on a number of factors including your age, value of property and type of property. A lifetime mortgage is a long-term loan secured against your home and AVIVA offers two types, so you can either release a lump sum to spend now or choose to take a smaller amount now, leaving the rest to spend in full or in part later.

 

  • Lifestyle Lump Sum Max – this allows you to release a one-off amount of money at the start of the plan. Because the plan can give you a larger cash sum than the AVIVA Lifestyle Flexible Option, the overall cost of the Lifestyle Lump Sum Max is higher.
  • Lifestyle Flexible Option - Lifestyle Flexible Option lets you take a lower initial loan and have access to a reserve of money in the future, as and when you need it.

You can continue to live in your home and use the money to get more from your retirement. Whether it's to top up your income, make home improvements, buy a new car or even take a special holiday - it's up to you how you spend it. Equity release plans are not suitable for everyone, however, so it makes sense to get independent financial advice before making a decision.

For the latest deals on AVIVA mortgages, call our mortgage team on 0117 332 6063 for deals tailored to your personal requirements.

Mortgage Deals Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

2.49%

Reverts to 4.70%

5

Years

75%

YesMore Info >
£750 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker