Following the FPC’s announcement that lenders should consider the impact of a 3% rise in the Bank Base Rate when stressing affordability calculations, Barclays increased its stress-test rate. What is the new rate?

 

A) 6.50%

B) 6.99%

C) 7.50%

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Correct answer: B) 6.99%

In a survey carried out this week, what percentage of first-time buyers said the incentive that was most likely to draw them to a product was Stamp Duty assistance?

 

A) 40%

B) 50%

C) 60%

To read the full story click HERE.

 

Correct answer: A) 40%

The High Court disqualified the owner of a mortgage brokerage from being the director of a company. How long has he been disqualified for?

 

A) 12 years

B) 14 years

C) 13 years

To read the full story click HERE.

Correct answer: C) 13 years

Which network quit the Association of British Insurers this week?

A) First Complete

B) Pink

C) Legal & General

 

To read the full story click HERE.

C) Legal & General

A report out this week said that the number of buyers chasing one property had fallen from 14 to how many?

A) 10

B) 8

C) 6

 

To read the full story click HERE.

Correct answer: A) 10

Congratulations you have completed the Mortgage Solutions Quiz!