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MRT 2 · Additional Mortgage Borrowing
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Additional Mortgage Borrowing

What a further advance is, when it is regulated, and how it differs from remortgaging.

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Key points

Question 3

Which term matches: "affordability assessed on current income; property revalued"

Question 4

What does "Can be used for" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

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What the exam tests

What a further advance is, when it is regulated, and how it differs from remortgaging.

Question 7

True or false?

What a further advance is, when it is regulated, and how it differs from remortgaging