CeMAP Module 3 (ASEW) Practice Questions - LIBF CeMAP Module 3 - Assessment Of Mortgage Advice Knowledge (ASEW) Exam

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A client earns £40,000 basic plus a guaranteed £6,000 annual bonus evidenced over three years, and £4,000 of regular but discretionary overtime. A lender allows 100% of guaranteed income and 50% of variable income. What income figure will the lender use?

£44,000 £46,000 £48,000 £50,000

Correct Answer:

£48,000

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