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If you have a less secure income or don't want to commit to regular monthly repayments for the rest of your life, aviva equity release number release may be a better option.
For example with an interest rate of 5.5%, an equity release loan of £50,000 would increase to £86,554 over 10 years.
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Unlocking Value in Your Home - Using a retirement interest-only Lifetime mortgage Explained is a way to unlock the value in your home to fund your retirement needs.
If you already own a home, consider refinancing your interest only lifetime mortgage calculator if you can take advantage of lower payments and save money over the life of your loan.
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