Loan security - Ed's Mock

Question 1

Explain what a loan sec val is?

Question 2

What is current BOE base rate?

Question 3

How has this changed? How many increases since Sept 2022?

Question 4

What happened in September 2022 which has impacted the base rate?

Question 5

What is bridging and what are example lenders?

Question 6

What are mainstream lenders? Give examples

Question 7

What is a SWAP and how has the 5 year swap been behaving?

Question 8

What does VPGA 2 advise on conflicts?

Question 9

What is a MVSA? Examples?

Question 10

What is current inflation level in UK?

Question 11

How do interest rates and inflation interact?

Question 12

What are typical LTVs? How have these changed since 2008?

Question 13

How do lenders stress test suitability for lending?

Question 14

What is interest cover?

Question 15

How does a loan interact with a property?

Question 16

In the event of loan default, how can a lender recover the loan?

Question 17

In Kentish Town, what would discount be if valuing as a block and why would they be different?

Question 18

In Kentish Town, where did you agree the SA?

Question 19

In Kentish Town, how did you adjust voids between the investment method for MV and the comparable method for SA?

Question 20

Kentish Town - what are national space requirements?

Question 21

Mayfair - what was the long lease term?

Question 22

Mayfair - when do banks typically stop lending on long leaseholds?

Question 23

How did you value the long leasehold and what other techniques could you have used?

Question 24

What did you include in your TOE for secured lending, rather than for internal reporting?

Question 25

What part of the Red Book relates to floor areas?

Question 26

In Mayfair, was there any enfranchisement potential?