CPD Centre - Step One Finance Second Charge Quiz

Take the Step One Finance Buy-to-Let Quiz!

You can find the answers to the 10 criteria questions below on our Step One Finance web page and in the criteria and product guides - click here to access them.

Those who score over 80% will receive a certificate of completion and be entered into the prize draw to win a bottle of One Gin Complete the quiz by 31 March to be entered into the draw.

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* 1. Please enter your Full Name

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* 2. Please enter your email address

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* 3. Please enter your contact telephone number

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* 4. What is the maximum age for applying for a secured loan?

No Maximum

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* 5. Does Step One Finance accept clients with Payday Loans?

Yes

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* 6. Does Step One Finance offer fixed or variable loans?

Fixed

Variable

Both

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* 7. Does Step One Finance credit score applicants?

Yes

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* 8. Can a client have missed any mortgage payments?

Client can have missed a maximum of 2 payments in last 12 months

Client can have missed a maximum of 4 payments in last 12 months

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* 9. What is the maximum LTV Step One Finance will lend up to?

75%

85%

95%

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* 10. Can Step One Finance lend to clients in a DMP?

Yes - it does not have to be repaid with the loan

Yes - it must be repaid with the loan

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* 11. Does Step One Finance offer equitable charges?

Yes - if the first mortgagor gives consent

Yes - they can still lend if the first mortgagor declines consent

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* 12. What is the rental coverage required for buy-to-let second charges?

125% Rental Coverage

130% Rental Coverage

140% Rental Coverage

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* 13. What is the maximum term on their secured loans?

25 Years

30 Years

40 Years