Aviva Rate Change 

 

Headlines

From Tuesday 8 November 2016 interest rates charged for both Lifestyle Flexible Option and Lifestyle Lump Sum Max lifetime mortgages will change and will be produced through a new Flex Tool.

 

New Business Interest Rates

From Tuesday 8 November when requesting quotes for your clients, they will be produced using the new version of the Flexible Rating Tool, version 8.11.16

 

 

Where the rate has increased

 

If an offer expires then we will need to produce a new flex tool and issue a revised offer on new terms before completion. The interest rate is then fixed upon completion.

 

 

Additional Borrowing Rates

From Tuesday 8 November additional borrowing interest rates are increasing by 0.17%. Please contact your usual Aviva consultant for actual rates or further details.  Please see below or contact your usual Aviva consultant for actual rates or further details.

 

 

Reserve Releases

From Tuesday 8 November 2016 interest rates charged on reserve releases on the Lifestyle Flexible Option (LFO) and Cash Reserve Option (CRO) will also change.

Lifestyle Flexible Option and Cash Reserve Option

 

 

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