You are about to leave the Absa Kenya website. Aviva equity release, one of the most established equity release plan providers in the UK, have made available lifetime mortgage plans to over 150,000 consumers since 2000. Aviva Equity Release UK Limited can put you in touch with an equity release financial adviser who'll review your needs and future plans with you in person. We only recommend a plan if we are convinced it’s in your best interests. Typically, this generates a lump sum that you can use to spend in any way you see fit. Any equity release company that has the Equity Release Council logo on their material must ensure you can still live in your home until you die or move into permanent care. There are two main types of equity release: Lifetime mortgage. Rising house prices across the UK over recent decades means that the UK’s over-55s have more equity than ever locked up in their properties, equity that can be accessed using a Lifetime Mortgage, the most popular form of equity release. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. That said, many new plans now offer fixed-term early repayment charges, making early repayment both practical and achievable Please take note. OneFamily Advice is a member of the Equity Release Council. Equity release is a fast-growing area of personal finance. The Equity Release Council points out that equity release is one of the most regulated financial products in the UK and the industry is regulated by the FCA. A lump sum lifetime mortgage is essentially a loan that’s secured against your home, giving you access to a … To overcome this, the Equity Release Council has published a temporary modification to the rules following a detailed consultation with its members and the industry. No Negative Equity Guarantee As a member of the Equity Release Council, we offer a 'No Negative Equity Guarantee'. All Equity Release Council providers are bound by a strict code of practice, which states the following: All customers can stay in their property until the end of the mortgage term (when the surviving borrower dies or moves into long-term care). Your solicitor will arrange this for you, therefore removing the need for you to pay the funds directly to your mortgage provider. The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. These may be onerous, making it unrealistic to get out of equity release early. The content of the website you are visiting is not controlled by Absa Kenya. The mortgage must either be repaid before you apply, or at the time the equity is released by using these funds to clear the outstanding mortgage. What is Equity Release? Long-time follower, but first-time poster here, Can anyone possible help with some advice on Equity Release on an ex-council flat. It's only available to older homeowners. All firms selling equity release must offer advice first. Equity Release Council chairman David Burrowes says: “Independent face-to-face legal advice is vital to the consumer safeguards underpinning the equity release market. The consultation is a FREE no obligation meeting, face to face with our adviser and will allow us to understand your unique situation and possibly make a recommendation to you. 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