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Roll-Up Lifetime Mortgages

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Quiz on Roll-Up Lifetime Mortgages, created by peter.huckerby on 06/06/2013.
peter.huckerby
Quiz by peter.huckerby, updated more than 1 year ago
peter.huckerby
Created by peter.huckerby over 12 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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