1. Legal
- To distinguish between ownership and possession of property and explain the two main different forms of ownership and possession of property.
2. Housing loands and home reversion agreements
- To describe the main features, benefits, restrictions and risks for the consumer of the different generic types of housing loans, including in particular the capital & interest, endowment, pension and interest only mortgages.
- 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.
- To identify the main forms of security typically required by a mortgage lender in relation to providing housing loans to consumers.
- To explain the main benefits and risks for the consumer associated with endowment, pension and interest only mortgages.
- To explain the main benefits and risks for the consumer associated with home reversion agreements.
- To compare and contrast the differen