Weekly Protection Update – 18th December 2020, Weekly Mortgage Update – 18th December 2020, Virgin Money: Beating the stamp duty holiday deadline, Kent Reliance: Six reasons to choose Kent Reliance, Metro Bank: Contractor and fixed term contract workers, The Right Mortgage offers a recurring card payment Service, New business (Lifestyle Lump Sum Max and Lifestyle Flexible Option), Reserve Release (Lifestyle Flexible Option and Cash Reserve Option), All pre-sales illustrations produced on or after Wednesday 7th August 2019 will automatically be processed using the new interest rates. Each company is authorised and regulated by the Financial Conduct Authority (FCA). Also available are Pure Retirement or TSB. I am confident that my house price appreciation will be much bigger than my roll-up interest. By … Registered in England and Wales no. Aviva Equity Release Loans The interest rate will increase from 7.15% to 7.35% for business introduced through IFAs and from 7.29% to 7.49% for business that comes direct to Norwich Union. © 2020 The Right Mortgage Limited | All Rights Reserved | Our Policies |. By clicking on form field(s)/button(s) or other link(s) on this website or Accept, you agree to the use of cookies and other technologies to process your personal data to enhance and personalise your experience. The content of this website is intended solely for the use of financial advisers. Unlock Some Of The Value In Your Home With A Tax Free Lump Sum Using Our Free Equity Release Calculator. The Aviva Lifestyle Flexi Plan is specifically designed for homeowners looking for one of the lowest equity release interest rates, combined with the … 08130498. The guidance and or advice contained within this website is subject to the UK regulatory regime and therefore primarily targeted to customers in the UK. Below we look at interest rates from some of the leading lifetime mortgage and equity release providers.. We are matching you to an advisor, please check your emails and expect a phone call from them. Actual mortgage quotes are based on individual circumstances. With the current shortage of equity release lenders, additional pressures are mounting on the remaining companies providing equity release schemes. For instance an independent equity release adviser will have Aviva rates starting from 5.62%, while Aviva’s direct rate is nearer 6%! Aviva Home Equity Release Plans YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. The cost of equity release has reduced as interest rates are now lower than before. Equity release interest rates are at unprecedented lows in 2020 due to increased demand for lifetime mortgages and greater competition between lenders. You only continue to own your own home with a lifetime mortgage, secured against your property. We search the equity release market for the latest deals (including online exclusive rates! NEW AVIVA PRODUCT! We have access to equity release rates from as little as 2.96%. Is equity release safe? Equity release interest rates range from 2.30% to 4%. Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits. The interest rate you pay depends on your circumstances, including your age, health and the value of your home, and is fixed with Aviva. Rates start at 1.98%. The highest interest rate in the market is 6.47% (AER). Use our free equity release service to compare rates from the UK's leading equity release providers. However, as the interest charged is compounded, they remain significantly higher than standard mortgages. Compare interest rates, get bonus incentives like free valuations and cashback and read full details of the best later life lending deal for you. Rates can be as low as 2.83%. Our research shows that the best deals are often obtained by using an impartial advisor, for this reason they will contact you to discuss your needs (usually within 24 business hours). Checking your credit score and verifying the information is important - 1 in 3 UK credit reports contain errors! With this type of equity release mortgage the minimum initial loan is £10,000, with a minimum of £5,000 in the cash reserve for future use. Eligibility. Aviva direct closed its salesforce. The interest rate will be based on the day the reserve release is requested, it will not be based on the day the money is paid/ released. Market is 6.47 % ( AER ) with a name you can trust of advice or recommendation your. Be used on All reserve release requests from Wednesday 7th August 2019 deals including! 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