Higher Lending Charge

Jargon Buster
Gazumping
15th May 2019
Interest Charges
15th May 2019

This is the term used for insurance for the lender for you defaulting on your payments when your property is worth less than the loan or in some cases this charge is payable when you are only able to pay a small deposit. There are many mortgages that do not carry this charge and based on your situation it is possible that this type of charge can be avoided altogether.

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