Here's our news quiz to test your knowledge of the week's most thought-provoking, quirkiest and downright bizarre moments on Mortgage Solutions.
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%
To read the full story click HERE.
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!
