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Mortgage Strategy training page error

An error appeared on this week&#39s Mortgage Strategy training page (page 27).

The answer to question two of our MAQ test questions:

“Hugh and Liz have a 5% cashback on a £60,000 mortgage. How much cashback is that?”

is B.) £3,000, not C.) £33,000 as stated in the magazine.

Apologies for any confusion caused.


FSA urges firms to up their game

FSA-regulated firms have been reminded of the need to check their organisations to ensure comprehensive and robust plans are in place to deal with potential disruptions to its operations. Michael Foot, a managing director at the FSA, says: “It is essential that all firms in the financial services sector ensure that they are properly prepared. […]

House price confidence on downward trend says the Woolwich

UK consumer confidence in the housing market has dipped for the second month running, claims the latest Woolwich Mortgage Index, in contrast to a significant rise in gross mortgage lending. The consumer research conducted by the Woolwich has shown that average consumer confidence has fallen from 61% to 59% throughout the UK over the last […]


Skipton offers self-build finance via BuildLoan

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Research shows rapid growth in self-certification lending

The 2002 Mortgage Achilles research study, which was undertaken among a sample of 250 intermediaries by research company BDRC, shows that the self-certification market is now the biggest niche mortgage area for intermediaries. The research, which was provided to subscribing companies last month, shows that 93% of intermediaries who handle specialist and niche mortgage products, […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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