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Whilst there is still a mortgage affordability check this is just for the equity release interest payment calculator repayments and less for the capital repayment.
Or you can consider other types of aviva equity release rates release products such as drawdown or interest-only, so that you can limit the amount of interest that you pay.
As with a regular mortgage, lenders will want to value your home before they decide how much to lend to you and on what terms.
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In addition, certain lenders will require proof of income for those who are over 60 years old as part of their conditions for mortgage approval.
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The amount of money available will depend primarily on the value of your do i qualify for a home equity loan calculator and any outstanding mortgage you may have.
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