This class was created by Brainscape user Ma Sha. Visit their profile to learn more about the creator.

Decks in this class (13)

9) THE ROLE OF THE MORTGAGE ADVISER
Which are the two key factors est...,
What is the advice process,
What does factfind cover
4  cards
10) ASSESSING THE APPLICANT'S FINANCIAL STATUS
In the mortg applivation form wha...,
What does the lender need to know...,
What types of income are taken in...
13  cards
11) CHECKING THE APPLICANT'S CREDIT STATUS
What does the lender look for in ...,
What info is not revealed by refe...,
Credit searches
6  cards
12) SUITABILITY
General considerations for an adv...,
List key issues to consider in re...,
Types of risk relating to mortg p...
7  cards
13) Assessing the property
What informn is reqd when assessi...,
How might disputes affect prop value,
Problems w freehold tenure
4  cards
14) VALUATIONS AND SURVEYS
Why are valuations done by lender...,
What does a basic valuation involve,
What are the typical contents of ...
13  cards
15) OTHER FACTORS THAT AFFECT THE LENDING DECISION
What is planning permission,
Designated land,
When can bldg work be undertaken ...
18  cards
16) MORTGAGE REPAYMENT METHODS
How does a capital repayment work,
What are the adv and disadv of re...,
How does interest only mortg work
7  cards
17) USING ENDOWMENT POLICIES FOR MORTG REPAYMENT
What are the elements of an endow...,
Describe the basic str of a with ...,
What is smoothing with regard to ...
14  cards
19) INTEREST-RATE OPTIONS
What is a standard variable rte m...,
What is discounted rate mortg,
What is a tracker mortg
9  cards
20) OTHER MORTG PRODUCTS
What is a foreign currency mortg,
How does foreign currency mortg work
2  cards
21) SCHEMES FOR SPECIFIC GROUPS OF BORROWER
What is shared ownership,
How does shared ownership work,
What does the lease of shared own...
18  cards
22) MORTG RELATED INSURANCE PRODUCTS
What is term insurance,
What are the three types of insur...,
Main points of each type of mortg...
9  cards

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MORTGAGES

  • Class purpose General learning

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