Retail Financial Product: Mortgage Credit Agreements, Housing Loans, Home Reversion Agreements and Associated Insurances

1. Legal

- To distinguish between ownership and possession of property and explain the two main different forms of ownership and possession of property.

2. Mortgage credit agreements [credit agreement as defined in Regulation 3 of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016], housing loans and home reversion agreements [As defined in Part V of the Central Bank Act 1997]

- To describe the main features, benefits, restrictions and risks for the consumer of the different generic types of housing loans and mortgage credit agreements, including in particular the capital & interest, endowment, pension and interest only mortgages.

- To understand the ancillary services offered with mortgage credit agreements.

- To explain what a home reversion agreement is, its main features, benefits, restrictions and risks for the consumer, and how a home reversion agreement differs from a housing loan or mortgage credit agreeme