peter.huckerby
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Quiz on Aviva Quiz, created by peter.huckerby on 10/06/2013.

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Aviva Quiz

Question 1 of 15

1

What is the minimum drawdown amount available?

Select one of the following:

  • £5,000

  • £2,000

  • £1,000

Explanation

Question 2 of 15

1

What is the criteria for Aviva to offer a free valuation.

Select one of the following:

  • Free on properties up to £350,000

  • Free on properties up to £500,000

  • Free on properties up to £1,000,000

Explanation

Question 3 of 15

1

What are the minimum initial sums for the Aviva Lump Sum Max plan & the Flexible Option plan?

Select one of the following:

  • £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.

Explanation

Question 4 of 15

1

How much does Aviva charge to access their drawdown facility?

Select one of the following:

  • £49

  • £99

  • £0

Explanation

Question 5 of 15

1

How does Aviva charge their arrangement fee?

Select one of the following:

  • They add it.

  • They deduct it.

  • They will add it or deduct it.

Explanation

Question 6 of 15

1

How long is the continuous period of time you are allowed to leave the property unattended before Aviva's conditions are breached?

Select one of the following:

  • 3 months.

  • 6 months.

  • 9 months.

Explanation

Question 7 of 15

1

How long do the beneficiaries have to repay the plan after the client(s) have left the property permanently?

Select one of the following:

  • 6 months

  • 12 months.

  • 9 months

Explanation

Question 8 of 15

1

What action may Aviva take if a property is not kept in good repair?

Select one of the following:

  • 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.

Explanation

Question 9 of 15

1

Aviva are the only provider to allow a second charge to remain in place when taking out an ER plan?

Select one of the following:

  • 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.

Explanation

Question 10 of 15

1

What is a Gilt?

Select one of the following:

  • A government security.

  • A feeling of remorse.

  • A way of calculating swap rates

Explanation

Question 11 of 15

1

How long is an early repayment charge quote valid for with Aviva?

Select one of the following:

  • 3 days

  • 7 days

  • 30 days

Explanation

Question 12 of 15

1

What is the maximum early repayment charge percentage with Aviva?

Select one of the following:

  • 15%

  • 20%

  • 25%

Explanation

Question 13 of 15

1

When would a client incur an early repayment charge with Aviva?

Select one of the following:

  • 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.

Explanation

Question 14 of 15

1

How long must you wait after completion before you can access the Aviva drawdown facility?

Select one of the following:

  • Immediately after completion.

  • 6 months after completion.

  • 30 days after completion.

Explanation

Question 15 of 15

1

On which document would you find the Gilt Reference?

Select one of the following:

  • The output sheet.

  • The KFI.

  • The Recommendation letter

Explanation