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MRT2: Mortgage Products and Post-Completion

320 questions

MRT2 covers the product side of mortgage advice — repayment methods (capital and interest vs interest only), interest rate options (fixed, variable, tracker, discounted), different mortgage product types, specialist lending, fees and charges, and what happens after completion including arrears management and repossession procedures.

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Topics

  • Repayment Methods
  • Interest Rate Options
  • Mortgage Product Types
  • Specialist Lending
  • Fees and Charges
  • Arrears Management
  • Legal Rights of Lenders
  • Repossession Procedures
  • Post-Completion Matters

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Frequently Asked Questions

How many questions are in the MRT2 exam?

MRT2 has 50 multiple-choice questions. You need to score 70% (35 out of 50) to pass.

What mortgage products do I need to know for MRT2?

You need to understand repayment vs interest-only mortgages, fixed/variable/tracker/discounted rates, offset mortgages, flexible mortgages, buy-to-let, shared ownership, Help to Buy, and specialist products like self-build and bridging finance.