Aviva the equity release specialist insurance company has announced that it has completed its 100,000th equity release completion. Home equity release is available to those aged 55 and over and can either be in the form of a lifetime mortgage or home reversion scheme.
Darren Dicks, head of ‘at retirement’ at Aviva, says: “For many people, equity release is a way of releasing cash to fund special purchases or holidays, a new car, or simply to increase regular income and pay bills. Equity release is becoming an increasingly popular and important part of retirement planning.”
There has been a significant amount of bad publicity surrounding equity release, much of which goes back to plans that were available in the 1970s and 1980′s that are no longer available today. The modern plans that are available today bear absolutely no resemblance to these old style plans.
Aviva Equity Release plans are available from age 55 for the lifetime mortgage products and age 65 for the Aviva home reversion plan. Aviva currently have the highest loan to value plan available for those that really do need to take the maximum amount of equity from their home.
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