What is the minimum drawdown amount available?
£5,000
£2,000
£1,000
What is the criteria for Aviva to offer a free valuation.
Free on properties up to £350,000
Free on properties up to £500,000
Free on properties up to £1,000,000
What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?
£15,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
£10,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
£10,000 Lump Sum Max & £10,000 plus £10,000 Flexible Option.
How much does Aviva charge to access their drawdown facility?
£49
£99
£0
How does Aviva charge their arrangement fee?
They add it.
They deduct it.
They will add it or deduct it.
How long is the continuous period of time you are allowed to leave the property unattended before Aviva's conditions are breached?
3 months.
6 months.
9 months.
How long do the beneficiaries have to repay the plan after the client(s) have left the property permanently?
6 months
12 months.
9 months
What action may Aviva take if a property is not kept in good repair?
They could force you via the courts to make the required repairs and fine you if you do not.
They could ask you to repay funds up to the amount of the assessed cost of the repairs.
They can enter the property to carry out repairs and could start repossession proceedings.
Aviva are the only provider to allow a second charge to remain in place when taking out an ER plan?
No, Just Retirement are the only provider to offer this.
No, Just Retirement and Aviva both offer this.
Yes, Aviva is the only provider to offer this.
What is a Gilt?
A government security.
A feeling of remorse.
A way of calculating swap rates
How long is an early repayment charge quote valid for with Aviva?
3 days
7 days
30 days
What is the maximum early repayment charge percentage with Aviva?
15%
20%
25%
When would a client incur an early repayment charge with Aviva?
When the Gilt Yield is lower than it was on completion.
When the Gilt Yield is the same or lower than it was on completion.
When the swap rate is lower than it was on completion.
How long must you wait after completion before you can access the Aviva drawdown facility?
Immediately after completion.
6 months after completion.
30 days after completion.
On which document would you find the Gilt Reference?
The output sheet.
The KFI.
The Recommendation letter
