Ppi, Bankers & House Prices: The Mortgage Solutions News Quiz 19 July 2013

10 Questions | By Mortgagesolution | Updated: Mar 22, 2022 | Attempts: 47

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Test your knowledge of the week's events with this quick quiz.

Questions and Answers

1.

According to a survey of first-time buyers, how many chose the first mortgage they came across?
- A.
  
  12%
- B.
  
  25%
- C.
  
  65%
2.

What trend in the private rental sector did MPs warn about this week?
- A.
  
  Hipsterization
- B.
  
  Yuppiness
- C.
  
  Studentification
3.

PPI claims made up what percentage of complaints to the Financial Ombudsman?
- A.
  
  23%
- B.
  
  74%
- C.
  
  83%
4.

The Council of Mortgage Lenders called for which of the following in order to encourage investment in the private rental sector?
- A.
  
  Tax breaks for landlords
- B.
  
  Devolved regulation
- C.
  
  Large landlord bonuses
5.

Savills revised its forecast for house prices this week to 3.5%. What was its original estimate?
- A.
  
  0.5%
- B.
  
  1.2%
- C.
  
  4.6%
6.

Persimmon Homes launched a scheme to rival Help to Buy in Wales. What is its name?
- A.
  
  Help New Buy
- B.
  
  Help You Buy
- C.
  
  Bara Brith
7.

How did Bank of England director Paul Fisher describe the process of making monetary policy?
- A.
  
  Political with a small p
- B.
  
  Conservative with a small c
- C.
  
  Risky with a large R
8.

How much more did first-time buyers pay for houses this May compared to the previous year?
- A.
  
  2.2%
- B.
  
  3.1%
- C.
  
  4.1%
9.

Over 2,000 British bankers earned over a million euros in 2011. How many of their German counterparts received this sum?
- A.
  
  1,742
- B.
  
  170
- C.
  
  3
10.

What process did MP Sarah Teather compare renting a property to?
- A.
  
  Buying fruit in Sainsbury’s
- B.
  
  Checking the bargains in Tesco
- C.
  
  Picking an M&S ready meal