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.