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124060
Roll-Up Lifetime Mortgages
Description
Quiz on Roll-Up Lifetime Mortgages, created by peter.huckerby on 06/06/2013.
Quiz by
peter.huckerby
, updated more than 1 year ago
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Created by
peter.huckerby
over 11 years ago
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Resource summary
Question 1
Question
Which 4 providers offer plans to clients aged 55-59?
Answer
Aviva, More2Life, Stonehaven, Newlife
Aviva, LV, Hodge, More2Life,
Aviva. Partnership. Stonehaven, Newlife
Question 2
Question
Which Providers offer Enhanced plans?
Answer
Just Retirement, Partnership, Aviva, LV
Aviva, More2Life, Partnership, Just Retirement
More2Life, Partnership, Newlife, Just Retirement
Question 3
Question
What is the maximum age a client can take an LV Plan?
Answer
85
90
95
Question 4
Question
What is the minimum property value for Partnership?
Answer
£75,000
£100,000
£70,000
Question 5
Question
What is the minimum age for the More2Life Enhanced plan
Answer
55
65
60
Question 6
Question
What is the criteria for LV to offer a free valuation.
Answer
Free on properties up to £350,000
Free on properties up to £1,000,000
Free on properties up to £500,000
Question 7
Question
What is the criteria for Aviva to offer a free valuation.
Answer
Free on properties up £350,000
Free on Properties Up to £500,000
Free on properties up to £1,000,000
Question 8
Question
Which Providers offer plans in Northern Ireland
Answer
Aviva (excluding Enhanced) & Just Retirement (excluding Max Plus)
Aviva (including Enhanced) & Just Retirement (excluding Max Plus)
Aviva (excluding Enhanced) & Just Retirement (including Max Plus)
Question 9
Question
What are the minimum initial sums for a Hodge Drawdown plan?
Answer
£20,000 plus £5,000 reserve
£15,000 plus £5,000 reserve
£10,000 plus £5,000 reserve
Question 10
Question
Which of theses Providers does not allow partial repayments?
Answer
More2Life
Aviva
Newlife
Question 11
Question
What is the maximum percentage for the Just retirement Gilt charge?
Answer
15%
20%
25%
Question 12
Question
What is the minimum amount you can repay to LV?
Answer
£2,000
£5,000
£500 twice per year
Question 13
Question
What is the minimum Drawdown amount for Just Retirement?
Answer
£1,000
£2,000
£5,000
Question 14
Question
What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?
Answer
£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.
Question 15
Question
What is the maximum age for a Stonehaven plan?
Answer
80
90
95
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