Mortgage Products - Quiz

What colour was the circle on the title slide in the PowerPoint we just went through? (it was in the top right corner)

• Purple

• Blue

• Pink

• Red

What percent of our mortgage business comes rom brokers?

• 65%

• 75%

• 85%

• 95%

What does ERC stand for?

• Early Redemption Charge

• Early Recovery Charge

• Early Repayment Charge

• Early Redeem Charge

Do customers on a base rate tracker need to pay ERC's to exit the product?

• Yes

• No

• Depends on why

What overpayment allowance do customers have on a fixed rate product?

• 15%

• Unlimited

• 10%

• None

What does product floor mean?

• It means the product is on the floor

• It means the product is limited by what the government set

• It means the product cant go higher than that %

• It means the product cant go lower than that %

Who sets some of the rules for our Scheme products

• Martin Lewis

• Mortgage Advisers

• Our Members

• The Goverment

If a customer has the ability to switch their own rate online, this is known as...

• Execution Only

• Switch it Yourself

• Self Select

• Portal Select

Which of these was not a product type we discussed as part of the training slides?

• Track Record

• Green AB

• High LTV

• MBR

What does APR stand for?

• Annual Payment Range

• Annual Percentage Rate

• Annual Payment Rate

• Annual Percentage Range