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Quiz on Roll-Up Lifetime Mortgages, created by peter.huckerby on 06/06/2013.

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Roll-Up Lifetime Mortgages

Roll-Up Lifetime Mortgages

Question 1 of 15

1

Which 4 providers offer plans to clients aged 55-59?

Select one of the following:

  • Aviva, More2Life, Stonehaven, Newlife

  • Aviva, LV, Hodge, More2Life,

  • Aviva. Partnership. Stonehaven, Newlife

Explanation

Question 2 of 15

1

Which Providers offer Enhanced plans?

Select one of the following:

  • Just Retirement, Partnership, Aviva, LV

  • Aviva, More2Life, Partnership, Just Retirement

  • More2Life, Partnership, Newlife, Just Retirement

Explanation

Question 3 of 15

1

What is the maximum age a client can take an LV Plan?

Select one of the following:

  • 85

  • 90

  • 95

Explanation

Question 4 of 15

1

What is the minimum property value for Partnership?

Select one of the following:

  • £75,000

  • £100,000

  • £70,000

Explanation

Question 5 of 15

1

What is the minimum age for the More2Life Enhanced plan

Select one of the following:

  • 55

  • 65

  • 60

Explanation

Question 6 of 15

1

What is the criteria for LV to offer a free valuation.

Select one of the following:

  • Free on properties up to £350,000

  • Free on properties up to £1,000,000

  • Free on properties up to £500,000

Explanation

Question 7 of 15

1

What is the criteria for Aviva to offer a free valuation.

Select one of the following:

  • Free on properties up £350,000

  • Free on Properties Up to £500,000

  • Free on properties up to £1,000,000

Explanation

Question 8 of 15

1

Which Providers offer plans in Northern Ireland

Select one of the following:

  • Aviva (excluding Enhanced) & Just Retirement (excluding Max Plus)

  • Aviva (including Enhanced) & Just Retirement (excluding Max Plus)

  • Aviva (excluding Enhanced) & Just Retirement (including Max Plus)

Explanation

Question 9 of 15

1

What are the minimum initial sums for a Hodge Drawdown plan?

Select one of the following:

  • £20,000 plus £5,000 reserve

  • £15,000 plus £5,000 reserve

  • £10,000 plus £5,000 reserve

Explanation

Question 10 of 15

1

Which of theses Providers does not allow partial repayments?

Select one of the following:

  • More2Life

  • Aviva

  • Newlife

Explanation

Question 11 of 15

1

What is the maximum percentage for the Just retirement Gilt charge?

Select one of the following:

  • 15%

  • 20%

  • 25%

Explanation

Question 12 of 15

1

What is the minimum amount you can repay to LV?

Select one of the following:

  • £2,000

  • £5,000

  • £500 twice per year

Explanation

Question 13 of 15

1

What is the minimum Drawdown amount for Just Retirement?

Select one of the following:

  • £1,000

  • £2,000

  • £5,000

Explanation

Question 14 of 15

1

What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?

Select one of the following:

  • £10,000 Lump Sum Max & £15,000 plus £5,000 Flexible Option.

  • £15,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.

  • £10,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.

Explanation

Question 15 of 15

1

What is the maximum age for a Stonehaven plan?

Select one of the following:

  • 80

  • 90

  • 95

Explanation

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