Introduction to Home Ownership and Mortgages

Explore the fundamentals of mortgages and the process of buying a home

As a first-time potential property owner, the process of buying a home can seem incredibly daunting and complex.

This four-week course from the Chartered Insurance Institute provides a clear and simple introduction to the different elements involved in the property buying process.

You’ll learn the ins and outs of how mortgages work and be equipped to handle your property purchase with ease.

Understand the roles of the estate agent, lender, and conveyancer

When thinking about buying a property, many people don’t consider the number of individuals that can be involved in the process. Each person, from the estate agent, to the lender, conveyancer, and mortgage broker, has a very specific role in helping you land the home of your dreams.

You’ll explore the different functions of each individual to understand how they can help you find the right property, secure a mortgage, and handle legal matters such as title deeds and transfer of ownership.

Discover the lending and financing process and how mortgage rates are calculated

Securing a mortgage is one of the most essential elements of the property buying process, and often the most misunderstood.

On this course, you’ll discover the different types of lenders, their approaches, and where to go for help to find the best deal.

Learn about mortgages and the house buying process from the experts

The Chartered Insurance Institute is the home of the Society of Mortgage Professionals and has a long history of providing learning materials on the provision of financial advice and on insurance.

With guidance and support from your expert educators, you’ll be empowered with the confidence and knowledge to secure a mortgage best suited to your needs.

This course is designed for anyone who wishes to better understand the process of buying a property, particularly through using a mortgage.

It will also be helpful for those aspiring or starting to work in the property market.

• Mortgages and their role
• The industry and the economy
• Features of a mortgage
• Lenders and borrowers
• Affording a mortgage
• Mortgage products
• Lenders
• Protection products and insurance
• Mortgages and insurance
• Protecting the person
• Protecting the property
• How to buy a house
• How to find the right mortgage
• Finding a property
• Assessment of the property
• Mortgages, house purchase and the law