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Understanding mortgages
Understanding mortgages

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Learning outcomes

After studying this course, you should:

  • be able to understand how banks and other lenders like building societies make decisions about providing mortgages

  • know the different types of mortgage products available and the interest rates that apply to them

  • know the benefits in proactively managing your mortgage – for example by periodically moving from one product to another

  • be able to understand the various costs involved in buying property

  • know the risks involved in having a mortgage and how to manage these.

The first section will look at the factors that determine how much lenders will provide when you apply for a mortgage.