Quiz
Roll-Up Lifetime Mortgages
Questions in this quiz (15)
1Which 4 providers offer plans to clients aged 55-59?
- AAviva, More2Life, Stonehaven, Newlife
- BAviva, LV, Hodge, More2Life,
- CAviva. Partnership. Stonehaven, Newlife
2Which Providers offer Enhanced plans?
- AJust Retirement, Partnership, Aviva, LV
- BAviva, More2Life, Partnership, Just Retirement
- CMore2Life, Partnership, Newlife, Just Retirement
3What is the maximum age a client can take an LV Plan?
- A85
- B90
- C95
4What is the minimum property value for Partnership?
- A£75,000
- B£100,000
- C£70,000
5What is the minimum age for the More2Life Enhanced plan
- A55
- B65
- C60
6What is the criteria for LV to offer a free valuation.
- AFree on properties up to £350,000
- BFree on properties up to £1,000,000
- CFree on properties up to £500,000
7What is the criteria for Aviva to offer a free valuation.
- AFree on properties up £350,000
- BFree on Properties Up to £500,000
- CFree on properties up to £1,000,000
8Which Providers offer plans in Northern Ireland
- AAviva (excluding Enhanced) & Just Retirement (excluding Max Plus)
- BAviva (including Enhanced) & Just Retirement (excluding Max Plus)
- CAviva (excluding Enhanced) & Just Retirement (including Max Plus)
9What are the minimum initial sums for a Hodge Drawdown plan?
- A£20,000 plus £5,000 reserve
- B£15,000 plus £5,000 reserve
- C£10,000 plus £5,000 reserve
10Which of theses Providers does not allow partial repayments?
- AMore2Life
- BAviva
- CNewlife
11What is the maximum percentage for the Just retirement Gilt charge?
- A15%
- B20%
- C25%
12What is the minimum amount you can repay to LV?
- A£2,000
- B£5,000
- C£500 twice per year
13What is the minimum Drawdown amount for Just Retirement?
- A£1,000
- B£2,000
- C£5,000
14What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?
- A£10,000 Lump Sum Max & £15,000 plus £5,000 Flexible Option.
- B£15,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
- C£10,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
15What is the maximum age for a Stonehaven plan?
- A80
- B90
- C95
Information
- Description
- Quiz on Roll-Up Lifetime Mortgages, created by peter.huckerby on 06/06/2013.
- Author
- peter.huckerby
- Language
- English
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