6

Question 1

What feature of a mortgage can avoid the need for tacking?

Answer 1

Drawdown facility

Question 2

Which is the following would not be an acceptable component of a lenders mortgage exit administration fee in line with mcob rules?

Answer 2

Interest payments due up to the best mortgage anniversary

Question 3

What must a building society carry out when someone wants a further advance?

Answer 3

Assessment of the property value