Archive for the ‘aviva’ tag
Low interest rate from Aviva expires soon – last chance!
The next few weeks could be the last chance customers have to secure the preferential low interest rate that’s fixed for life with the Flexible lifetime mortgage from Aviva.
Customer who qualify for this particular plan from Aviva could benefit from a low interest rate of 6.32% annually. The overall cost for comparison is 6.60% APR. However this rate will only be available until the 31st October 2011.
Age Partnership will continue to have other exclusive plans with Aviva that incorporate more great features though – including the Enhanced Lifetime Mortgage that allows customers to release up to 55% of their property’s value.
Other great benefits include;
- Preferential low interest rate
- Free property valuation
- £200 cash back when your plan completes
- Inheritance guarantee
- No monthly repayments
If you’re interested in finding out more about the Aviva plans available, get the facts from Age Partnership today with independent and impartial advice. Qualified advisers will make sure that equity release is right for you and discuss your other options, including what impact releasing equity will have the size of your estate over time. The specialists at Age Partnership can also advise you if your entitlement to means-tested benefits could be affected.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
Plan availability is subject to lender’s criteria.
Maximum cash release of 55% is dependant on age and health. Example provided is based on a 90 year old client with health conditions.
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks ask for a personalised illustration.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 1.6% of the amount released be payable.
Up to 37% more tax-free cash available through Age Partnership with no monthly repayments to make
This brand new enhanced plan allows you to release more money from your home whilst maintaining full ownership. It takes into consideration your health and lifestyle to calculate your equity so you could access more funds than before. As an Age Partnership client you could also access exceptional plan terms saving you up to £11,504*.
These include a preferential low interest rate that isn’t available direct through Aviva and a free property valuation – or £270 off the fee if your house is worth more than £250,000. Plus, you’ll also receive a £200 cash bonus when your plan completes.
But that’s not all! You can choose to guarantee a proportion of your property’s value at no extra cost.
The overall cost for comparison is 7.8% APR. Plan availability is subject to lender’s criteria. The actual rate available will depend upon your circumstances. Ask for a personalised illustration’.
You could release up to 37% more money with this brand new enhanced lump sum max lifetime mortgage compared to the standard lump sum max plan available before 18th July 2011.
*As well as the cash bonus and free property valuation, worth up to £470, if you were to release £45,000 you could save £11,304 in interest (over 20 years) with our preferential plan compared to going direct through Aviva. This is a total saving of up to £11,504.
For more information please follow this link http://www.agepartnership.co.uk/equity-release/things-to-consider/
Last Twelve Months Tough for Over-55s
The past twelve months have been tough for over-55s as shrinking salaries have failed to compensate for the increased cost of living and contributed to a rise in the average mortgage debt.
Debt Is a Growing Problem for Over-55s
According to Aviva’s fifth Real Retirement Report, 23% of over-55s don’t expect to be free of debt until they are about 75-years-old and 15% feel they won’t ever be able to pay back what they owe.
Could Equity Release Help with the VAT Rise?
Since 4 January 2011, VAT in the UK has increased from 17.5% to 20%. This could considerably increase the cost of living. As a result some homeowners might be wondering how they are going to afford it. An equity release is one option for homeowners approaching retirement or already retired.
Growing Concern About Cost of Living Amongst Over-55s
Nearly three quarters of over-55 year olds are concerned about the austerity measures and rising cost of living led by the VAT hike in January 2011. Homeowners concerned with the increase in the cost of living might consider an equity release scheme.
The Growing Influence of Equity Release
The influence of equity release appears to be growing with much of September’s news focusing on this.
The month started with news of house price drops again but this was tempered by long term encouragement for the housing market, which included forecasted 22% rises in value by 2015.
Making Up the Startling UK Pensions Gap
New research conducted by Aviva with Deloitte has identified and, for the first time, put a real figure on the UK’s pensions gap. Much is made of the shortfall in pensions allowance that is affecting the UK and Aviva’s research shows the UK has the biggest gap in Europe.
Equity Release Could Help Struggling Over-55s
About 21% of the UKs over-55-year-olds are struggling with the amount of income they receive each month. Homeowners, who fall into this bracket, might be able to ease their financial situation by using an equity release scheme to supplement income.
Equity Release Used to Clear Debt According to Aviva
Equity release schemes can be used for a number of things however, according to Aviva, over the past couple of years, using it to clear debt has become the main reason.
