This class was created by Brainscape user Kelsey Phillips. Visit their profile to learn more about the creator.
By:
Kelsey Phillips
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Decks in this class (30)
U3: T1 - PROPERTY AND MORTGAGE MARKETS
What is a recession,
What is the interbank rate,
What is the bank rate
43
cards
U3: T2 - TYPES OF BORROWER
Which of the following does not c...,
What is an icr,
In 2016 the pra introduced requir...
86
cards
U3: T3 - MORTGAGE REGULATION
Is the following mortgage regulat...,
Is the following mortgage regulat...,
Is the following mortgage regulat...
64
cards
U3: T4 - PRINCIPLES OF MORTGAGE AND PROPERTY LAW
Define conveyance,
A borrower is known as the a mort...,
A lender is known as the a mortga...
85
cards
U3: T5 - PRACTICAL ASPECTS OF PROPERTY AND MORTGAGE LAW
Kevin and janice married five yea...,
Karen has put her house on the ma...,
How long after taking possession ...
67
cards
U3: T6 - BUYING A PROPERTY - AN OVERVIEW
We will look at stamp duty land t...,
In a contract to buy and sell pro...,
John is acting as agent for donna...
47
cards
U3: T8 - REGULATION & THE BUYING PROCESS
What is the difference between so...,
Can you remember the fca criteria...,
Can you recall the criteria that ...
76
cards
U3: T7 - THE LEGAL ASPECTS OF PROPERTY PURCHASE
A in which register would you fin...,
A in which register would you fin...,
What can you remember about land ...
43
cards
U4: T9 - THE ROLE OF THE MORTGAGE ADVISOR
What are the 4 stages of the advi...,
What 2 key things should the advi...,
An esis must be provided for all ...
32
cards
U4: T10 - ASSESSING THE APPLICANTS FINANCIAL STATUS
What 5 pieces of information does...,
True or false prison sentences ca...,
Most lenders will consider which ...
42
cards
U4: T11 - CHECKING THE APPLICANTS CREDIT STATUS
What are 4 pieces of information ...,
Define credit bureau,
Experian equifax and transunion a...
71
cards
U4: T12 - SUITABILITY
Think back to topic 10 if the ter...,
We looked at the interest rate st...,
If there is no contract suitable ...
27
cards
U4: T13 - ASSESSING THE PROPERTY
A from your studies for topic 5 c...,
Can you recall what a flying free...,
We looked at leasehold in topic 4...
57
cards
U4: T14 - VALUATIONS AND SURVEYS
Which type of survey is most like...,
A basic valuation is for the bene...,
Which form of inspection gives th...
43
cards
U4: T15 - OTHER FACTORS THAT AFFECT THE LENDING DECISION
Which of the following would not ...,
Which of the following would be e...,
Local authorities generally give ...
44
cards
U5: T16 - FINANCIAL PROTECTION AND PLANNING
A what type of life insurance pro...,
Why would we not normally use the...,
What type of insurance is likely ...
31
cards
U5: T17 - TYPES OF FINANCIAL PROTECTION I
Define means tested benefit,
Is universal credit means tested ...,
Is job seekers allowance means te...
98
cards
U5: T18 - TYPES OF FINANCIAL PROTECTION II
Which of the following standard p...,
Damage caused by escape of water ...,
If a mortgage borrower fails to m...
45
cards
U5: T19 - PROTECTION ADVICE
The rules for providing advice an...,
Define pure protection,
Is whole of life assurance a form...
45
cards
U6: T20 - MORTGAGE REPAYMENT METHODS
How is a low cost with profit end...,
How does a unit linked endowment ...,
Pure interest only is accepted fo...
37
cards
U6: T21 - USING ENDOWMENT POLICIES FOR MORTGAGE REPAYMENTS
An endowment policy involves what...,
What are the 2 types of with prof...,
What does the reserve on an endow...
52
cards
U6: T22 - OTHER REPAYMENT VEHICLES FOR INTEREST ONLY MORTGAGES
A couple wishing to arrange an in...,
An individual cannot contribute t...,
A help to buy isa saver will need...
44
cards
U6: T23 - INTEREST-RATE OPTIONS
Discounted mortgage interest rate...,
Discounted rate mortgages usually...,
Which of the following is true in...
28
cards
U6: T24 - OTHER MORTGAGE PRODUCTS
We introduced spvs as a way of ow...,
Who owns the property held in an spv,
What a second charge is and the r...
36
cards
U6: T25 - SCHEMES FOR SPECIFIC GROUPS OF BORROWER
Which of the following is untrue ...,
A shared ownership mortgage is on...,
In an equity share mortgage arran...
56
cards
U6: T26 - RAISING ADDITIONAL FUNDS FROM PROPERTY
If a mortgage is in default the l...,
Can you recall when bridging fina...,
Which of the following is true of...
35
cards
U6: T27 - TRANSFERRING MORTGAGES
Nicola has not made any changes t...,
The facility to transfer a mortga...,
A transfer of equity occurs when ...
29
cards
U6: T28 - ARREARS AND DEBT MANAGEMENT
What is the 52 week linking rule ...,
Can you recall whether a customer...,
What is the definition of a credi...
40
cards
U6: T29 - LENDERS LEGAL RIGHTS AND REMEDIES
Which of the following legal reme...,
Appointing an lpa receiver is a l...,
Once a possession order has been ...
30
cards
Mock Exams
22 which of the following organis...,
14 jim is an accountant with a su...,
Alan has received confirmation fr...
20
cards
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MORT
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