Mortgage Glossary: H

Glossary of Terms
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Higher Lending Charge	The Higher Lending Charge refers to a single fee charged by mortgage lenders. The fee covers a single premium insurancepolicy that covers the lender if the property has to be repossessed and sold. This is only usually enforced when borrowing is above 75 per cent LTV – this is the benefit bestowed by a HLC.
Home Buyers Report	Home Buyers Reports refer to detailed property valuations. These are neither a mortgage valuation nor a structural survey, but can allow the borrower to negotiate on price.