Quick Fire Quiz 2

1. Which part of the rented sector is experiencing the biggest decline?

2. Which of the following is NOT responsible for an increase in owner occupation - An increase in living standards, shortages of good quality rented accommodation, lower stamp duty, deregulation of mortgage finance?

3. Describe the governments home buy scheme

4. How much stamp duty would you pay on a property from £60,000 to £250,000 - 0%, 1%, 2%, 3%?

5. In theory how does a rise in interest rates impact the demand for mortgages?