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.