What financial decision did the former stockbroker make 10 years ago?
Millions of UK Home Owners Might Not be Able to Pay Their Interest Only Mortgages

Interactive Video
•
Social Studies, Business
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
He sold his house.
He invested in the stock market.
He started a new business.
He took out an interest-only mortgage.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many interest-only mortgages are due to be repaid over the next 30 years?
3 million
2.6 million
1 million
500,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Financial Conduct Authority believe about borrowers' optimism?
Borrowers are overly optimistic.
Borrowers are being realistic.
Borrowers are too pessimistic.
Borrowers have no opinion.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential worst-case scenario for borrowers who cannot repay their mortgage?
They could face a fine.
They might have to change jobs.
They could lose their home.
They might have to sell their car.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should borrowers do to avoid drastic measures like selling their home?
Invest in stocks.
Talk to their lender.
Take out another loan.
Ignore the problem.
Similar Resources on Wayground
3 questions
Interview with Bank of England Governor Mark Carney

Interactive video
•
University
3 questions
Denmark’s Jyske Bank Sets Negative-Rate Mortgage Milestone

Interactive video
•
University
2 questions
Mortgage Re-Payments Rise Today

Interactive video
•
University
2 questions
UK: Sky News' political editor Beth Rigby speaks to Liz Truss ahead of her first conference speech as Conservative Party

Interactive video
•
University
6 questions
Money moves to consider before a possible rate cut

Interactive video
•
University
2 questions
UK: The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak.

Interactive video
•
University
6 questions
UK: The Bank of England raised interest rates for the fifth time in a row today

Interactive video
•
University
6 questions
US Banks Face Stiffer Mortgage Capital Rule Than Basel

Interactive video
•
University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade