Income & Credit History Quiz

All defaults must be satisfied at the time of applicaiton

• True

• 
  False

How many defaults can each applicant have in total?

• 1

• 2

• 3

• 5

If the customer has a CCJ within the last 3 years, what is the maximum it can be for?

• £100

• £2000

• £500

• £1500

How long must a customers bankruptcy be discharged for?

• 5 years

• 1 year

• 3 years

• 10 years

How many missed payments on a mortgage or secured loan can the customer have in the last 2 years?

• 5

• 3

• 2

• 1

What would be a bad sign for us when it comes to a customers bank account conduct?

• transferring money to friends all the time

• Buying maccies all the time

• having a zero balance before they get paid

• Exceeding their overdraft in the latest month

Which application type would we not apply 'Lending Into Retirement' to?

• Residential

• Help to Buy

• Buy to Let

If a customer is less than 10 years away from retirement, how would we assess their income?

• use their pension income

• Pension Vs earned, use the lower of the two

• Pension Vs earned, use the higher of the two

• common sense approach from underwriter

How would we assess lending into retirement when the customer is 10 or more years away and the term is up to 5 years into retirement

• we don't need to check anything

• Proof of pension

• Pension Vs earned, use lower of the two

What percentage of car allowance will we accept?

• 100%

• 50%

• 75%

• We don't accept it