Special Low Aviva Equity Release Interest Rate
Age Partnership can secure you a special equity release interest rate on all lifetime mortgages from Aviva. This preferential low interest rate is fixed for life, so why not protect from any interest rates rising now?
Additionally, Age Partnership has secured a free property valuation for mortgage purposes on this exceptional plan*. This means that you can find out how much your property is worth from a qualified surveyor. You could save yourself hundreds of pounds, even if you decide that this plan isn’t right for you.
Preferential Low Fixed Interest Rate on Equity Release
You’ll get a better rate of interest than through a typical financial advisor if you take out your equity release plan through Age Partnership. The overall cost for comparison is 6.7% APR. For interest rate calculations why not use the interactive equity release calculator to the right?
Free Property Valuation to Discover How Much Equity You Can Release
Due to the fluctuating nature of the property market over the past two years house prices have seen dips and, more recently, increases, thus rendering most homeowner’s idea of property value hazy, at best. This makes it important to have a professional valuation to fully understand the worth of your property*.
This is available for houses worth up to £250,000 in value. You may be surprised how much your property is worth as house prices have risen by 8.4% since February (source Nationwide August 2009). This means you could release more equity than you thought. To find out what you could be entitled to contact Age Partnership today.
Aviva is a long-established member of SHIP. This means you can be assured that you’ll never owe more than the value of your home thanks to a no-negative-equity guarantee.
Impartial Advice on All Equity Release Issues
Age Partnership can discuss all your options including a conversation about alternatives to releasing equity that you may not have considered and ensure that equity release is the right option for you. It is important to understand how your estate may be affected so we will discuss with you how equity release may alter the amount of inheritance you leave. Additionally, we can help you understand how your entitlement to means-tested benefits may be affected.
Finally, for a limited time only and while stocks last, if you contact Age Partnership for your no-obligation personal recommendation before 19th October 2009 then you’ll receive a free Parker Pen.
* Property valuation by a qualified surveyor is for mortgage purposes only.
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Is there solicitors fees due on top of the £795. What would be the total initial cost if I were to take £15000 on equity release
[Reply]
admin Reply:
September 25th, 2009 at 11:35 am
Hi Charles,
Yes there will be solicitor’s fees to pay and if you are happy to use one of our panel solicitors they will charge £395 plus VAT & disbursements.
Some lenders would also charge a valuation fee and arrangement fee. However, we have access to some exclusives and preferential plans where these are not applicable.
If you would like any more information please do not hesitate to contact us.
Kind regards
The Age Partnership Team
[Reply]
Charles Henderson
23 Sep 09 at 2:08 pm
With a Home Reversion Plan, by how much is the market value discounted and what percentage of the value can be rreleased.
[Reply]
admin Reply:
October 5th, 2009 at 2:00 pm
Hi,
You will normally be paid less than the full market value of your home – typically between 30% -60%.
The cash sum depends upon various factors including the age of the owner occupier(s), the current open market value of the property and the percentage of the property value being sold. If you would like any more information please do not hesitate to contact us.
Kind regards
The Age Partnership Team
[Reply]
M CLARKE
1 Oct 09 at 11:12 am
Thanks a ton for this, I am greatful for the info
[Reply]
Hockessin
14 Mar 10 at 5:47 am
I am sure you will not be able to provide exact details but….
My father Norman Stapleton of Luton post code LU3 3BZ
availed himself of Equity release on his house some years ago and was so satisfied her repeated it about 4 years ago.
I was concerned at the time of the SECOND ‘release’ the HUGE amount of repayment !! Are you able to inform me of a BALL PARK figure for the re-payment figure as it stands today.
Yours hopefully
Chris Stapleton MK43 9HD
[Reply]
admin Reply:
March 30th, 2010 at 1:44 pm
Dear Chris,
Typical Lifetime Mortgage loans would double every 10 -12 years with interest rates of 6%-7%. However, for a true reflection of what would be owed you/your father should approach the lender directly. If there is a written agreement in place, the lender may provide this information to third parties.
Kind regards
The Age Partnership Team
blog@agepartnership.com
admin
[Reply]
Chris Stapleton
30 Mar 10 at 10:54 am
I can t describe how refreshed I am to read and reccomend your article. Its superbly composed and contains outstanding info. Keep up the great work!
[Reply]
Compensation Calculator
13 Apr 10 at 8:28 pm