Residential Policy Quiz

What is the maximum LTV for a loan of £800k?

• 75%

• 95%

• 85%

• 100%

On capital and interest, with a loan of £160k. How much would the customer have left to pay after the mortgage ends?

• £50k

• £165k

• £0

• £80k

What is the maximum term available on a capital and interest (repayment) basis?

• 40 years

• 25 years

• 35 years

• 45 years

Which of these do we not need to take into account for affordability?

• Tuition Fees

• Phone bill

• Ground rent

• Railcard

On interest only, with a loan of £100k. How much would the customer have left to pay at the end of the mortgage term?

• £0

• £50k

• £100k

• £25k

What is the minimum income for interest only/part and part?

• £40k sole or £60k joint

• £60k

• £35k sole or £55k joint

• £40k

If a customer wants to use the mortgaged property as a repayment vehicle, what is the minimum equity they need to have in the property?

• £200k

• £300k

• £150k

• £100k

For all capital raising apart from home improvements, what is the maximum LTV we can consider?

• 80%

• 75%

• 90%

• 50%

Which of these do we not allow customers to capital raise for?

• Debt Consolidation

• Business Purposes

• Purchase of time Shares

• Payment Tax Bills

Non standard flats must have a minimum value of...

• £100k

• £200k

• £100k/300k (in London)

• £100k/£200k (In London)