Ascot Lloyd Test Flashcards
1
Q
What is a deferred interest rate?
A
A deferred interest rate is one where the rate is variable but some of it is rolled up to a future date
2
Q
Can conventional mortgages be available at any age?
A
yes
3
Q
How does the FCA best approach regulation?
A
As a risk based approach
4
Q
Why might a home reversion provider require a customer to notify them if they intend to leave the property for a long holiday of a few months?
A
Because it may cause problems with the insurance of the property
5
Q
What is a positive conveant?
A
A duty imposed by a former owner
