Broker Knowledge Quiz Day 6

What is the reference number called that we ask for as part of broker security?

• FRN

• FRM

• FCJ

• FCA

What is the max LTV on BTL?

• 80%

• 75%

• 95%

• 90%

What does JBSP stand for?

• Joint Borrower Sole Proprietor

• Joint Borrower Sole Property

• Joint Borrowing Sole Proprietor

• Joint Borrowing Sole Property

Who can we not accept a gifted deposit from?

• Step Parent

• Mum

• Friend

• Dad

What is the maximum age on residential?

• no max age

• 70

• 75

• 80

What's the maximum LTV on SO?

(a)  

What is the LTI for standard residential lending?

• 4

• 5

• 4.75

• 4.5

What percent of the discounted purchase price do we lend on a family purchase?

• 90%

• 100%

• 75%

• 95%

What does NOB stand for?

• Non occupying BTL

• Not occupying borrower

• Non occupying borrower

• Non occupying borrowing

How long in total are our mortgage offers valid for?

• 6 months

• 12 months

• 9 months

• 1 month