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MRT 2 · Interest-Only Home Loans
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Interest-Only Home Loans

What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria.

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Key points

Question 3

Which term matches: "ISA, pension, endowment (largely discredited), investment portfolio, sale of"

Question 4

What does "Post-MMR" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 6

Fill in the blank

______ — “interest-only time bomb” — many borrowers have insufficient repayment vehicles

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What the exam tests

What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria.

Question 8

True or false?

What an interest-only mortgage is, what repayment vehicles are acceptable, and why lenders have tightened criteria