Cemap 2 Topic 1 Questions with Correct
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What factors hampered the recovery of the property market following 07-09 financial crisis? -
✔✔Recession, banks wasn't lending
What are the contributing factors that make it difficult for first time buyers? -
✔✔stringent affordability test, larger deposits, higher house prices
When interest rates are low for a prolonged period of time what is likely to happen to property
prices? - ✔✔Rise
Interest rates on mortgage loans are closely linked to which interbank lending rate? - ✔✔3
month LIBOR
Inflation can be reduced by reducing interest rates. True or false? - ✔✔False
What % of a building society total lending must be related to residential mortgages?
- 25%
- 50%
- 75%
-90% - ✔✔75?
