Here's our news quiz to test your knowledge of the week's mortgage news. Were you paying attention?
This week, Barclays introduced a loan-to-income cap of four-and-a-half times a borrowers income for mortgage applications over what loan-to-value (LTV)?
A) 85% LTV
B) 90% LTV
C) 80% LTV
To read the full story click HERE.
Correct answer: C) 80% LTV
Secured loan broker firm Loan.co.uk launched this week with the bold statement it planned to be one of the biggest brokers in the country by the end of the year. Where did CEO Paul McGerrigan previously work?
A) GE Money
B) Central Trust
C) Blemain Finance
To read the full story click HERE.
Correct answer A) GE Money
Financial planning firm Towry has partnered up with a specialist magzine to offer its readers financial and wealth management services. What profession is it targeting?
A) Actors
B) Footballers
C) Singers
To read the full story click HERE.
Correct answer B) Footballers
Mansfield Building Society changed its product targeting older borrowers following broker feedback – what is the maximum age on this product?
A) 80
B) 85
C) 75
To read the full story click HERE.
Correct answer A) 80
The secured loan sector has experienced a slowdown in lending growth – what was the rate of growth in November 2014 against the previous year?
A) 15%
B) 22%
C) 7%
To read the full story click HERE.
Correct answer C) 7%
Congratulations you have completed The Mortgage Solutions Quiz! Have a great weekend.
