PERSONAL AND MORTGAGE LENDING THEORY AND PRACTICE

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N325690
Module Leader Athanasios Tsekeris
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • B (January start)

Summary of Content

This module examines the dynamics of the personal lending markets with a particular focus on the U.K. mortgage market. The key influencing factors will be examined. Comparison of international personal lending markets will be explored. The module will explore the practical processes involved in the industry from the perspective of a lender and a borrower alike. Ethical considerations associated with responsible lending and financial advice will be examined by exploring issues related to current regulation and qualifications. An overview of lending institutions, their aims and objectives, as well as, products offered will be explored through engagement with partners in the industry.

Syllabus

-720 1. The history and development of personal and mortgage lending; -720 2. The house buying process and the parties involved; 3. Varying forms of security attached to personal and mortgage lending; 4. How do lenders satisfy themselves of the ability of the borrower to pay?; 5. Mortgage regulation and its impact on lending and financial advice; 6. Examination of mortgage (and mortgage related) products and their features; 7. The over 65 - lenders response and the ethical considerations surrounding lending to the elderly; 8. Contemporary issues in personal and mortgage lending; 9. What do we mean by responsible lending?; 10. Islamic Finance approach to personal and mortgage lending. -360

Learning Outcomes

On successful completion of this module, the student should be able to:1.Understand the dynamics at play in personal lending;2.Explain how lenders access security and the ability of borrowers to repay loans;3.Outline the pros and cons along with detailed terms of personal lending products;4.Discuss the major legal factors involved in the house buying and mortgage process in the U.K.;5.Demonstrate an understanding of the contemporary issues and developments in the mortgage markets.

Teaching / Learning Strategy

The module provides a combination of lectures, seminars, and project based activities. In lectures the theory and overall practice will be explored. Seminars will provide the medium to develop enhanced knowledge through practical case studies research in groups, debates and practical assignments. Students will be continuously encouraged to read financial press and will be equipped with guidance and tips on how to understand the financial pages of the media. GCU Learn and blended learning tools will enhance the overall students' engagement, learning experience and provide a two-way ongoing feedback between the students and the module leader/tutors. Use of discussion boards on GCU Learn will facilitate the discussion and feedback on assessments. Numerous guest speakers from the industry will provide insights into the current issues facing the lending industry. The online test will assess the students understanding of the technical and theoretical aspects of the modular content half way through the semester. The final examination will test the critical thinking of the students and assess the ability to apply theory to practical application. Summative feedback will be used to identify through the module areas for improvement and development of the student. Such feedback will be provided within the GSBS guidelines within 3 working weeks of submission.

Indicative Reading

Core textbook: Mortgage advice . London: CII. Study text. CF6 (the newest edition). Supplementary reading/resources will be made available each week as appropriate; most up-to-date financial articles, various websites, podcasts, and films will be utilized extensively on this module. Online sources: www.cml.org.uk www.bsa.org.uk www.fca.org.uk www.cisi.org.uk www.ciobs.org.uk www.gov.scot/Topics/Built-Environment www.mortgageadvicebureau.com

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: -360 Effective problem solving skills; Oral and written communication skills: through the application of theory to practical examples and the presentation of this information; Numeracy skills: reflected in calculation elements in seminars, class test and exam; Learning skills: reflected in use of library and internet activities to support student centered learning; C&IT skills: reflected in preparation for class test and students own student centered learning on GCU Learn; Self management skills: reflected in preparation for class test, seminars and examination; Engagement with industry practitioners: through attending guests' presentations and participating in industry visits.

Module Structure

Activity Total Hours
Seminars (FT) 12.00
Assessment (FT) 18.00
Lectures (FT) 24.00
Independent Learning (FT) 146.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 60.00 35% Unseen exam
Exam (School) 1.50 40.00 35% Online MCQ Class Test