Topic 15 - Other factors that affect the lending decision Flashcards
1
Q
Designated land
A
Areas such as conservation areas etc.
2
Q
Listed Buildings
A
Significant architectural or historical value .
Grade 1 - 2.5% exceptional
Grade 2 - 5.5% important
Grade 3 - 93% special
3
Q
Environmental factors that cause concern
A
- Radon gas
- Contaminated Land
- Overhead electrical power lines
- Geology
4
Q
Subrogation
A
5
Q
Professional Fees
A
Estate agents
Mortgage fees
valuation and surveys
legal fees
6
Q
Mortgage fees
A
Product fee application fee Higher lending charge Adviser fee Mortgage packager fees
