Mortgage Types - Broker

Mortgage Types - Broker

Professional Development

10 Qs

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Mortgage Types - Broker

Mortgage Types - Broker

Assessment

Quiz

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Professional Development

Practice Problem

Medium

Created by

Poppy Holmes

Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does TSM stand for?

Transfer subject to Mandate

Transfer subject to move

Transfer subject to mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a customer is porting they will move lender but keep the same interest rate

True

False

It can vary

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does LTB stand for?

Let to Buy

Let to Borrow

Buy to Let backwards

Let to break

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

We will lend 100% of the discount price on a family purchase, but what is the max LTV this can go to?

85%

80%

90%

95%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what % will the government loan a customer using the HTB scheme?

10%

15%

20%

25%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a customer has a HTB loan in place, they are only allowed to raise funds to repay this or HI (providing it's agreed by HTB)

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What letter do we need to see at underwrite for a customer using the Armed Forces HTB

MOD

PIN

TOG

PIF

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