Test Your Know-How In The Ultimate Mortgage Quiz

The average mortgage in the UK is now more than £121,000. Homeowners across the country owe billions to mortgage lenders, while landlords have billions of pounds in outstanding buy-to-let loans.  It’s your biggest financial commitment, but how much do you really know about your home loan?

A study carried out on behalf of the University of Nottingham suggests that many people don’t really understand their mortgage, which researchers say could have 'extremely serious' implications, noting that concern over consumers' grasp of such products has been growing ever since the global financial crisis a decade ago.

Do you know your LIBOR from your LTV? Who is the UK’s biggest mortgage lender? And what’s the most common term for a new mortgage? Test yourself below in our multiple-choice quiz..