For some, Equity Release is used to either pay for care in the home or to pay for the private care costs of living in a privately owned care home. 


People are wanting more and more to stay in their home for as long as possible and so choose to release some of the equity from their property to pay for this care or adapt the home to cope with getting old.  This may be in the way of stair lifts, wet rooms and bedrooms on the ground floor.


There also arises a situation where one person of a couple has to go into residential care. The value of your property is disregarded whilst the family property is still occupied and the council may cover some or all of the cost of a council run care home, but this may not be where you want to see your loved one living. If you choose a privately run care home you may need to subsidise the cost of this and releasing some of the equity from your property can help to achieve this. Also, sometimes money is needed for the person remaining in the family home as their income may then be reduced as a result of the situation.


Read more here.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.



A lifetime mortgage is a long term commitment which could accumulate interest and is secured against your home.   

Equity release is not right for everyone and may reduce the value of your estate

Equity Release Council

Our fee for arranging a Lifetime mortgage is £750 payable only on completion. 

Research has shown that some companies charge over £1,500 or 1.95% of the loan, whatever is greater, for this service including a letter of suitability. 

Viva Retirement Solutions is a trading name of Viva Retirement Ltd and is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is regulated by the Financial Conduct Authority.

Registered Office: 4 Severnvale, London Colney, St Albans, Herts, AL2 1TE

Registered Company Number: 10756078 Registered in England & Wales

© 2021 Viva Retirement Solutions