Aviva extends equity release re-offer period to 14 weeks
Aviva has extended its equity release re-offer period to 14 weeks, giving advisers and their clients more time to complete applications.
"Advisers and customers told us that in a small proportion of more complex cases, such as those involving divorce or lease extensions, they needed more time to complete the application."
The valuation report expiry date will also be realigned so that it matches the original offer and re-offer period, effectively valid for 28 weeks.
Greg Neilson, MD of Aviva Equity Release, commented: “Advisers and customers told us that in a small proportion of more complex cases, such as those involving divorce or lease extensions, they needed more time to complete the application. We’ve therefore extended our re-offer period to 14 weeks, the longest in the market, so that we can best meet the needs of advisers and their customers.
“We’re confident that this will make our process simpler for advisers and customers who require more time and we are committed to listening to feedback from advisers about our products and processes and to making improvements where possible.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
