The benefits of Aviva’s Lifestyle Flexible Advantage Lifetime Mortgage for equity release advisers

Aviva’s Lifestyle Flexible Advantage Lifetime Mortgage offers a compelling blend of flexibility, competitive pricing and client‑centred features. Advisers are already seeing the difference it can make in real cases. Paul Saroya, Director at Viva Retirement Solutions, explains how it proved an ideal choice for one of their customers:

“We reviewed the market and, by using Aviva's lifetime mortgage calculator, we secured a favourable outcome for our customer. She achieved the plan she wanted, stayed within her comfort level, and benefitted from Aviva's voluntary repayment option. It offered value while giving her flexibility and control over how and when she chose to make voluntary repayments.”*

This real‑world example highlights how Aviva’s product design and online tools can help advisers deliver strong outcomes tailored to specific client needs.

_{*This is a direct quote from an adviser and is not a statement made by Aviva.}

How the Lifestyle Flexible Advantage Lifetime Mortgage works

The mortgage is available to clients aged 55+ who own a UK property valued at £75,000 or more. The loan (plus accrued interest) is repaid when the last borrower dies or enters long‑term care, subject to our terms and conditions.

There is no requirement for clients to make monthly payments – however, they can choose to make voluntary repayments to help manage interest build‑up and influence the future loan balance. This gives clients flexibility while freeing up capital without additional monthly commitments.

Key features and benefits

• Flexible voluntary repayments - Clients can repay at any time and as often as they choose (up to 10% each year), with no set schedule. This can help manage the amount of interest accrued and help to reduce the loan over time.

• Competitive interest rates - Aviva frequently offers competitive interest rates within the lifetime mortgage market, helping advisers secure long‑term value for clients.

• Additional contribution from Aviva - Subject to product conditions, Aviva will apply an uplift for every repayment that fully or partially covers the interest charged during the current policy year (known as interest-servicing).

• Personalisation and client control - The product is designed to adapt to a wide range of client needs, providing flexibility, reassurance and greater control over future financial planning.

Important considerations for advisers

When assessing suitability, advisers should make sure clients understand these key points about the product:

• Impact on inheritance: Releasing equity reduces the value of the estate.
• Effect on welfare benefits or tax: Releasing capital may alter entitlement and have tax implications.
• Eligibility: Minimum loan of £15,000 and ownership of a qualifying UK property.
• Requirement for regulated advice: Clients must receive advice from a regulated equity release adviser.
• Independent legal advice: Clients must appoint and pay for their own solicitor who will consider future financial need and financial resilience in later-life.
• Possible additional costs: Third‑party fees such as legal costs may apply.

Aviva’s online tools can help advisers clearly demonstrate interest rates, repayment scenarios and product features to support informed decision‑making.

As always, advisers should fully explore the benefits, costs and risks with each client to ensure the solution is suitable for their circumstances. Find out more about Aviva’s Lifestyle Flexible Advantage Lifetime Mortgage.