Aviva have announced an intermediary update which is available below. Contact our team to find out how we can help you and your business.
Introducing voluntary partial repayments by direct debit
Your equity release clients can now make regular monthly repayments on their loan by direct debit – if they applied for their lifetime mortgage on or after 28 April 2014.
With direct debit repayments, it’s quicker and easier for your clients to repay part of their equity release loan.
All your clients need to do is give us a call to set this up.
By letting your clients know about this new way of repaying, you can help them plan their finances better, including advising on the pros and cons of making voluntary partial repayments.
So, make sure you pass on the good news – it could be a prime opportunity to catch up with them and review their plans.