Podcast
Questions and Answers
What is the purpose of an Agreement in Principle obtained from a lending institution?
What is the purpose of an Agreement in Principle obtained from a lending institution?
- To finalize the purchase of a home
- To book viewings for potential homes
- To find out how much can be afforded (correct)
- To determine the proximity to work and schools
Which stage in the home buying process involves contacting a lender to find out how much can be afforded?
Which stage in the home buying process involves contacting a lender to find out how much can be afforded?
- Stage 1: Look for a home (correct)
- Stage 2: Make an offer
- Stage 3: Appoint a solicitor/licensed conveyancer
- Stage 4: Apply for a mortgage
Which factor should be considered when looking for a home?
Which factor should be considered when looking for a home?
- Proximity to work
- Availability of road links and public transport
- Personal considerations
- All of the above (correct)
At which stage in the home buying process is a solicitor/licensed conveyancer appointed?
At which stage in the home buying process is a solicitor/licensed conveyancer appointed?
When should a buyer apply for a mortgage in the home buying process?
When should a buyer apply for a mortgage in the home buying process?
Which of the following is a common defect that may threaten the security of a loan and therefore the lending decision?
Which of the following is a common defect that may threaten the security of a loan and therefore the lending decision?
What can happen to timber affected by dry rot?
What can happen to timber affected by dry rot?
What is the purpose of surveys and valuations when it comes to property defects?
What is the purpose of surveys and valuations when it comes to property defects?
What is one way to prevent the spread of dry rot in a property?
What is one way to prevent the spread of dry rot in a property?
What is the recommended treatment for dry rot in timber?
What is the recommended treatment for dry rot in timber?
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