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Questions and Answers
What is the maximum Loan-to-Value (LTV) for a first-time buyer?
What is the maximum Loan-to-Value (LTV) for a first-time buyer?
- 90%
- 100%
- 80%
- 95% (correct)
What does the term 'offset mortgage' refer to?
What does the term 'offset mortgage' refer to?
- A mortgage that links your savings to reduce the interest on your mortgage (correct)
- A mortgage with no down payment required
- A mortgage where the interest rate is fixed
- A mortgage that gives you credit to use elsewhere
What is the minimum duration of a Form F when a seller has outstanding finance?
What is the minimum duration of a Form F when a seller has outstanding finance?
- No minimum duration
- 90 days
- 60 days (correct)
- 30 days
How much commission can be accepted in cash according to KYC and AML regulations?
How much commission can be accepted in cash according to KYC and AML regulations?
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