From Friday 18 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 Friday 18 November when requesting quotes for your clients, they will be produced using the new version of the Flexible Rating Tool, version 18.11.16

 

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 Friday 18 November  additional borrowing interest rates are increasing by 0.48% on the Lifestyle Flexible Option and 0.43% on the Lifestyle Lump Sum Max.

Please see below or contact your usual Aviva consultant for actual rates or further details.

 

Reserve Releases

From Friday 18 November 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

 

 

For more information, please contact Aviva on 08000 154909 or the Equity Release Club on 01452 310777. 

 

 

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