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  3. Whether you’re buying your first home, looking for a better deal or simply want to know more about mortgages, we can help. When

Whether you’re buying your first home, looking for a better deal or simply want to know more about mortgages, we can help. When

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问题         Whether you’re buying your first home, looking for a better deal or simply want to know more about mortgages, we can help. When you’re thinking of buying your first home, you should learn about the size of deposit you’ll need, how much you could borrow and whether you’re eligible for a mortgage.
        We’ll only lend you a certain percentage of either the purchase price or the property valuation, whichever is lower. So you’ll need to use some of your own money to buy the property — a deposit. We usually ask for at least a 5% deposit from your own money. However, the more deposit you put down the less you have to borrow. This will ultimately save you money and you can often get a cheaper mortgage product. As well as your deposit, there are other costs associated with buying a property and taking out a mortgage. Typical ones that apply to most buyers include conveyancing fees, Stamp Duty Land Tax/Land and Buildings Transaction Tax (properties in Scotland), valuation fees and Land Registry fees.
        You can use our online calculator to get an idea of how much you could borrow. Or, to get a better indication we can provide you with an Agreement in Principle (also called a Mortgage Promise).
        We’ll start by asking about your income, for example your basic salary and any regular overtime or bonuses. We’ll also ask about your regular outgoings, for example, credit card or personal loan repayments, and we’ll take these off your income. After that, we make a further allowance for average day-to-day living expenses. This allows us to see how much we think you can afford for your mortgage payment each month.
        As part of our process of assessing, whether we think you can afford the loan, we’ll ask your permission to contact a credit reference agency. They can give us information about how you’ve conducted your finances in the past, how many credit commitments you’ve got and how long they will last and whether you’ve kept the payments up to date.
        We’ll use credit scoring to help us decide whether to lend you money. We can also use it to set interest rates for some products. Credit scoring works by awarding you points based on the information that you give us about yourself, we already have about you and if you’ve an existing relationship with us is on your credit file at the credit reference agency.
        We use this information to predict how big a risk we ’re taking by lending you money. If you score enough points, we’ll provide you with an Agreement in Principle, also known as a Mortgage Promise.
        As long as one person applying has never owned a property before, you can apply for a first time buyer mortgage with Lloyds Bank. You should meet the following qualification. You must be buying a UK property.
        You must be a UK resident or have full rights to reside in the UK.
        You must be at least 18 years old, and your mortgage must usually end before you reach 75. If your mortgage term extends past your normal state pension age or your expected retirement age — whichever happens sooner — we’ll look at your retirement income to work out whether we think you can afford the monthly payments. If you’re taking out a joint mortgage, it’s the age of the oldest person that’ s taken into account.
        Here we explain you what Agreement in Principle (AIP) is. An AIP provides you with a personalised commitment-free mortgage promise of how much we might be able to lend you. And it should take no longer than 15 minutes to get one! If you’re buying a home it’ll give you a clear idea of which property you could afford. Estate agents will often ask to see an AIP to show that you are a committed buyer.
        We do what’s called a soft credit check as part of the process. Soft credit checks can only be seen by yourself on your credit report and do not affect your credit rating or ability to borrow from other lenders or ourselves in the future, even if you’re declined an AIP on this occasion.
        If you apply between 6 a.m.~9 p.m. Monday to Saturday (or 8 a.m.~6:30 p.m. Sunday) you’ll receive your decision on the spot. Outside of those times, you’ll receive an email with your decision by midday the next working day.
Which of the following information is NOT used by the bank to predict a risk?
选项 A、Basic salary.
B、Regular outgoings.
C、The company you worked in.
D、Average day-to-day living expenses.
答案C
解析 细节题。根据题干中predict a risk定位到第七段首句“We use this information to predict how big a risk we’re taking by lending you money.”其中的this information指上面几段提到的内容，由此向上寻找可以在第四段找到A、B、D三项的描述，因此答案为C。
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