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Aviva Quiz

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Quiz on Aviva Quiz, created by peter.huckerby on 10/06/2013.
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
What is the minimum drawdown amount available?
Answer
  • £5,000
  • £2,000
  • £1,000

Question 2

Question
What is the criteria for Aviva to offer a free valuation.
Answer
  • Free on properties up to £350,000
  • Free on properties up to £500,000
  • Free on properties up to £1,000,000

Question 3

Question
What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?
Answer
  • £15,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
  • £10,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
  • £10,000 Lump Sum Max & £10,000 plus £10,000 Flexible Option.

Question 4

Question
How much does Aviva charge to access their drawdown facility?
Answer
  • £49
  • £99
  • £0

Question 5

Question
How does Aviva charge their arrangement fee?
Answer
  • They add it.
  • They deduct it.
  • They will add it or deduct it.

Question 6

Question
How long is the continuous period of time you are allowed to leave the property unattended before Aviva's conditions are breached?
Answer
  • 3 months.
  • 6 months.
  • 9 months.

Question 7

Question
How long do the beneficiaries have to repay the plan after the client(s) have left the property permanently?
Answer
  • 6 months
  • 12 months.
  • 9 months

Question 8

Question
What action may Aviva take if a property is not kept in good repair?
Answer
  • They could force you via the courts to make the required repairs and fine you if you do not.
  • They could ask you to repay funds up to the amount of the assessed cost of the repairs.
  • They can enter the property to carry out repairs and could start repossession proceedings.

Question 9

Question
Aviva are the only provider to allow a second charge to remain in place when taking out an ER plan?
Answer
  • No, Just Retirement are the only provider to offer this.
  • No, Just Retirement and Aviva both offer this.
  • Yes, Aviva is the only provider to offer this.

Question 10

Question
What is a Gilt?
Answer
  • A government security.
  • A feeling of remorse.
  • A way of calculating swap rates

Question 11

Question
How long is an early repayment charge quote valid for with Aviva?
Answer
  • 3 days
  • 7 days
  • 30 days

Question 12

Question
What is the maximum early repayment charge percentage with Aviva?
Answer
  • 15%
  • 20%
  • 25%

Question 13

Question
When would a client incur an early repayment charge with Aviva?
Answer
  • When the Gilt Yield is lower than it was on completion.
  • When the Gilt Yield is the same or lower than it was on completion.
  • When the swap rate is lower than it was on completion.

Question 14

Question
How long must you wait after completion before you can access the Aviva drawdown facility?
Answer
  • Immediately after completion.
  • 6 months after completion.
  • 30 days after completion.

Question 15

Question
On which document would you find the Gilt Reference?
Answer
  • The output sheet.
  • The KFI.
  • The Recommendation letter
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