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Fact Find - Addendum LV= Adviser Development Programme.

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Presentation on theme: "Fact Find - Addendum LV= Adviser Development Programme."— Presentation transcript:

1 Fact Find - Addendum LV= Adviser Development Programme

2 2 1 Future needs/changes in circumstances Inheritance/wills Alternatives Fact Find - Addendum Three key areas 2 3

3 3 Income Outgoings Capital Health Changes to lifestyle Fact Find - Addendum Future needs/changes in circumstances

4 4 Do you have a family? Are you in touch with your family? Yes? Give details No? Give details Fact Find - Addendum Family circumstances

5 5 Have you made a will? Currently, who would benefit from your main residence on death? This plan will reduce the level of inheritance potentially available … How do you feel about this? If known, how do your family/beneficiaries feel about this? Fact Find - Addendum Inheritance / Wills

6 6 It is strongly recommended that you discuss the plan with family/ beneficiaries. If the client has not discussed with their family or does not intend to do so until after completion, Fact Find - Addendum Inheritance / Wills record this and detail the reason(s) why.

7 7 Applying for state benefits Financial assistance from/moving in with family Moving to a cheaper/rented property Using your capital/assets (other than main property) Other Fact Find - Addendum Alternatives

8 a compelling choice… 8

9 9 The UK’s largest friendly society, proudly ‘mutual’, with a strong heritage Looking after members since million members and customers Award-winning equity release proposition Personal adviser support, with face to face account development and expertise Experienced and knowledgeable equity release team Fact Find - Addendum Some facts and figures

10 10 Flexible Lifetime Mortgage Lifetime Mortgage - lump sum Interest rate (AER)6.19 – 6.39%, depending on age %, depending on age Minimum property value£70,000 Minimum initial loan£10,000 Minimum drawdown/further advance amount £2,000 Application fee£695£595 Second/holiday homesYes Power of AttorneyYes ERCs5% years 1-5 3% years % years 1-5 3% years 6-10 Min/maximum agesMinimum 60 years Maximum 95 years Minimum 60 years Maximum 95 years

11 Any questions? 11 ? ? ?

12 This is for financial advisers only Not to be used after 30 September 2013 This presentation is based on our understanding of current legislation as at 2 January 2013 applicable in England and Wales and HM Revenue & Customs practice which may change in the future. We cannot accept responsibility for any action arising as a result of the information contained in this presentation. LV Equity Release Limited, Keynes House, Tilehouse Street, Hitchin, Herts, SG5 2DX LV= is a registered trade mark of Liverpool Victoria Friendly Society Limited (LVFS) a trading style of the Liverpool Victoria group of companies. LV Equity Release Limited is registered in England (No ) and is authorised and regulated by the Financial Services Authority (register number ). LVFS is a member of the ABI, AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. Tel: /13 12


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