Aviva expands equity release pilot

A greater number of advisers will now be allowed to use a new flexible rating tool which allows advisers to tailor the Aviva Lifetime Mortgage package to each client. The provider says that the new scheme allows advisers to alter cash-back, valuation fees and loan-to-value ratios to create the best interest rate for a customer's needs. The successful pilot saw Key Retirement Solutions, Age Partnership and Cavendish Equity Release trial the scheme in May, with Aviva now set to expand the product to other key accounts. It will also be available direct from the provider by the end of the...