The Higher Lending Charge

Please note that we are not authorised to advise on mortgages as a firm, but have provided the following pages on our site for your own information.

Some lenders take the view that if you want to borrow a high percentage of the property's value then they want an additional fee to cover the higher risk that if something goes wrong, they might not get all their money back.

In practice it's just one more factor in the mix – some companies will market a low rate but have a high Higher Lending Charge (HLC), while another will shout about having no HLC but may charge a higher rate.

A Mortgage Adviser's job is to identify the best overall package for you, and HLCs are just part of that process.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Last updated on April 06, 2011

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Wellserve Independent Financial Advisers is a trading style of Wellserve Financial Limited which is an appointed representative of Paradigm Financial Advisers Ltd, which is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/Pages/register).FSA Registration No: 497604