128185
Description
Quiz by peter.huckerby, updated more than 1 year ago
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Created by peter.huckerby
almost 11 years ago
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Question 1
Question
What is the minimum drawdown amount available?
Answer
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£5,000
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£2,000
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£1,000
Question 2
Question
What is the criteria for Aviva to offer a free valuation.
Answer
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Free on properties up to £350,000
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Free on properties up to £500,000
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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
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£15,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
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£10,000 Lump Sum Max & £10,000 plus £5,000 Flexible Option.
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£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
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£49
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£99
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£0
Question 5
Question
How does Aviva charge their arrangement fee?
Answer
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They add it.
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They deduct it.
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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
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3 months.
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6 months.
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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
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6 months
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12 months.
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9 months
Question 8
Question
What action may Aviva take if a property is not kept in good repair?
Answer
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They could force you via the courts to make the required repairs and fine you if you do not.
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They could ask you to repay funds up to the amount of the assessed cost of the repairs.
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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
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No, Just Retirement are the only provider to offer this.
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No, Just Retirement and Aviva both offer this.
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Yes, Aviva is the only provider to offer this.
Question 10
Question
What is a Gilt?
Answer
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A government security.
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A feeling of remorse.
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A way of calculating swap rates
Question 11
Question
How long is an early repayment charge quote valid for with Aviva?
Answer
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3 days
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7 days
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30 days
Question 12
Question
What is the maximum early repayment charge percentage with Aviva?
Answer
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15%
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20%
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25%
Question 13
Question
When would a client incur an early repayment charge with Aviva?
Answer
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When the Gilt Yield is lower than it was on completion.
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When the Gilt Yield is the same or lower than it was on completion.
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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
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Immediately after completion.
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6 months after completion.
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30 days after completion.
Question 15
Question
On which document would you find the Gilt Reference?
Answer
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The output sheet.
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The KFI.
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The Recommendation letter
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