Funding and Mortgage Types

6 building blocks · blurt the topic, then mark it block by block against the answer key.

Topic preview

Guided prompts in this topic

Preview the first part of the topic. Unlock FLK2 Playbook to answer prompts, get marked against the answer key, repair gaps, and carry the topic into review.

6 of 6 shown

01
Confirm purchase funding
What funding facts must be confirmed before exchange so the buyer is not bound without completion money?
02
Repayment mortgage structure
How does a repayment mortgage repay capital as well as interest over the mortgage term?
03
Interest-only repayment plan
How does an interest-only mortgage leave the capital to be repaid, and why must the repayment strategy be credible?
04
Execute mortgage deed
How must the mortgage deed be executed and registered so the lender obtains a valid legal charge?
05
Accurate certificate before funds
What is unsafe about requesting mortgage funds before the certificate of title can be given accurately?
06
Funding conditions before exchange
A buyer has a mortgage in principle but no offer, and the seller wants exchange tomorrow. Explain the risk advice.

New to the method? See why Paper Tiger beats rereading

Funding and Mortgage Types

Guided prompts in this topic

Confirm purchase funding

Repayment mortgage structure

Interest-only repayment plan

Execute mortgage deed

Accurate certificate before funds

Funding conditions before exchange