Certificate of Achievement
has completed the following course:
Introduction to Home Ownership and Mortgages
Chartered Insurance Institute
The Introduction to Mortgages course provided an overview of mortgages – what they are, how they work and the different types available. The course placed mortgages in the context of the buying and selling of property and introduced the other professionals involved in the market.
4 weeks, 2 hours per week
Alan Vallance
Chief Executive Officer
Chartered Insurance Institute
Transcript
Learning outcomes
- Describe how the mortgage market fits into the wider economy.
- Explain why mortgages are used and how they are agreed.
- Describe how interest on a mortgage is calculated and how the loan is repaid.
- Explain the different types of mortgage products.
- Describe the different types of lender and borrower.
- Explain why it is important to protect the ability to repay the mortgage and how this can be done.
- Explain why mortgage providers require the property to be insured and what that insurance covers.
- Explain how a mortgage adviser helps connect people with the right mortgage product and lender.
- Explain the house buying process and the role of the estate agent.
- Explain why the property’s value and condition are important in the agreement of a mortgage.
- Explain the legal aspects of mortgages and the house buying process.
- Describe the role of the conveyancer or legal representative in the property buying process.
Syllabus
- The main features of a mortgage, types of mortgage products and how they help when buying a home.
- The property buying process and the role of the estate agent.
- The legal aspects of mortgages and the role of the conveyancer.
- The role of the mortgage adviser in helping people find the right mortgage.
- The approaches different lenders take to how they provide mortgages to the market.
Issued on 27th October 2022
The person named on this certificate has completed the activities in the transcript above. For more information about Certificates of Achievement and the effort required to become eligible, visit futurelearn.com/proof-of-learning/certificate-of-achievement.
This certificate represents proof of learning. It is not a formal qualification, degree, or part of a degree.