Fact Find - Addendum

LV= Adviser Development Programme

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1• Future needs/changes in circumstances

• Inheritance/wills

• Alternatives

Fact Find - AddendumThree key areas

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3

• Income

• Outgoings

• Capital

• Health

• Changes to lifestyle

Fact Find - Addendum Future needs/changes in circumstances

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

• 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

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• 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.

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• 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

a compelling choice…

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• The UK’s largest friendly society, proudly ‘mutual’, with a strong heritage

• Looking after members since 1843

• 5 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

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Flexible Lifetime Mortgage

Lifetime Mortgage -lump sum

Interest rate (AER) 6.19 – 6.39%, depending on age

5.89 - 6.09%, depending on age

Minimum property value £70,000 £70,000

Minimum initial loan £10,000 £10,000

Minimum drawdown/further advance amount

£2,000 £2,000

Application fee £695 £595

Second/holiday homes Yes Yes

Power of Attorney Yes Yes

ERCs 5% years 1-53% years 6-10

5% years 1-53% years 6-10

Min/maximum ages Minimum 60 yearsMaximum 95 years

Minimum 60 yearsMaximum 95 years

Any questions?

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???

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 inthe future. We cannot accept responsibility for any action arising as a result of the informationcontained 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 ofthe Liverpool Victoria group of companies. LV Equity Release Limited is registered in England (No1951289) and is authorised and regulated by the Financial Services Authority (register number306287). LVFS is a member of the ABI, AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. Tel: 01202 292333.

21332208 02/13

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