Mortgages: Blocking, LTV, and Fees Quiz
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Questions and Answers

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?

  • 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?

  • No minimum duration
  • 90 days
  • 60 days (correct)
  • 30 days

    • How much commission can be accepted in cash according to KYC and AML regulations?

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