Here's our news quiz to test your knowledge of the week's mortgage news. Were you paying attention?
Chancellor George Osborne announced support for first-time buyers in this week’s Budget when he unveiled the Help to Buy ISA. For every £200 homebuyers save for a deposit the government will top it up with £50. But what is the maximum bonus the government will pay in?
A) £2,000
B) £3,000
C) £4,000
To read the full story click HERE
Correct answer: B) £3,000
Openwork CEO Mary-Anne McIntyre exited the network this week to join Old Mutual Wealth as chief distribution officer, but who will be taking over her role?
A) Mark Duckworth
B) Christopher Rodrigues
C) Dave Ewens
For the full story click HERE
Correct answer: A) Mark Duckworth
What did brokers think would be the biggest barrier to borrowers obtaining a mortgage this year in a survey carried out by Kensington?
A) Proving income
B) Lack of individual underwriting
C) Inexperienced lenders
To read the full story click HERE
Correct answer: B) Lack of individual underwriting
Which mortgage club was added to new buy-to-let and specialist lender Fleet Mortgages’ panel this week?
A) Paradigm Mortgage Services
B) Legal & General Mortgage Club
C) The Mortgage Alliance
To read the full story click HERE
Correct answer: A) Paradigm Mortgage Services
The Council of Mortgage Lenders announced a fall in February mortgage lending, hitting the lowest monthly estimate since April 2013 when lending hit £12.4bn. What was the month-on-month decline from January 2015?
A) 15%
B) 5%
C) 9%
To read the full story click HERE
Correct answer: C) 9%
Congratulations you have completed The Mortgage Solutions Quiz! Have a great weekend.
