Aviva - Lifestyle Flexible Option
Scheme Name: Aviva - Lifestyle Flexible Option
Interest Rate: 6.12%
APR: 6.30%
Exclusive Deal: |
|
Reserve Facility |
£500 CASHBACK +
FREE valuation offer* +
specially reduced interest rate |
Full details: |
Aviva (formerly Norwich Union) has over 12 years of equity release experience & has now helped over 100,000 people enjoy the benefits of their products.
This flexible lifetime mortgage allows you to take a lower initial loan & have access to a reserve facility available for you to call on in the future, as & when you need it. The reserve facility is available indefinately & you can borrow from it at any time without further approval & subject to a minimum of £5,000. There are now no admin fees for taking additional withdrawals. The interest rate on the initial cash withdrawal is fixed, however any subsequent withdrawals will be at the rate applicable at that time. Plans start at age 55 & there is a minimum property value of £75,000 with a £10,000 minimum initial withdrawal limit. This product now has the option of an inheritance guarantee. This ensures a percentage of the final sale value is guaranteed to be passed onto the beneficiaries. This option comes with the expense of a slightly higher interest rate to the standard equity release product. *free valuation applies to properties worth upto £1,000,000. |