1. LV= Adviser Development Programme Welcome to BootCamp

2. 2 Agenda 10.00 – 10.15Introduction and welcome What is equity release? 10.15 – 10.50Why do people release equity? Market overview and potential 10.50 – 11.10 Message from the Equity Release Council 11.10 – 11.30Equity release fact find and product overview 11.30 – 11.45Break 11.45 – 12.30State benefits 12.30 – 13.00An adviser’s perspective 13.00 – 13.30Support from LV= 13.30 – 13.45Summary and Close

3. What is equity release?

4. What is equity release? Types of equity release products Two types of product: Lifetime mortgages Home reversion schemes 4

5. Two main types: Drawdown Lump sum What is equity release? Lifetime Mortgages 5

6. Mortgage product i.e. legal charge over the property Lump sum - interest rate usually fixed for life Drawdown Facility agreed Money drawn down when required Usually fixed interest rate for each drawdown tranche What is equity release? Lifetime Mortgages 6

7. With most providers, there’s no repayments, interest ‘rolls up’ until loan repaid on sale of property No early repayment charges from most providers if property sale caused by death of the borrower or if they go into long term care For most providers, the maximum amount repayable is capped by sales value of property (no negative equity guarantee) Typically for those aged 55 to 95 What is equity release? Lifetime Mortgages 7

8. Sell all/part of the property Discounted price paid by reversion provider Lifetime lease granted Reversion provider receives their share of the property on death Normally available from age 65 What is equity release? Home reversion schemes 8

9. 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 What is equity release? Alternatives 9

10. Any questions? 10 ? ? ?

11. 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 1951289) and is authorised and regulated by the Financial Services Authority (register number 306287). LVFS is a member of the ABI, AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. Tel: 01202 292333. 21332207 02/13 11