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LV=

Description

Equity Release Adviser Course Mind Map on LV=, created by ian.pine on 01/07/2013.
ian.pine
Mind Map by ian.pine, updated more than 1 year ago
ian.pine
Created by ian.pine almost 12 years ago
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Resource summary

LV=
  1. MIn Age 60
    1. Max Age 95
      1. Min PV £70K
        1. No Max PV
          1. Min Initial £10K
            1. No Max release
              1. Min Drawdown on Flexible £2K
                1. Defined ERC as %
                  1. Free Val up to £500K
                    1. Partial Repayment subject to a min of £10K
                      1. Give double initial amount as Reserve
                        1. Ex Local Authority House provide 50% or more privately owned
                          1. Accept 2nd Home but LTV reduced by 10%
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