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A charge we may make so we can buy extra security for loans of more than 80% of the property’s value or the price being paid for it (whichever is lower). This extra security is in the form of a mortgage indemnity. A mortgage indemnity provides cover which would protect our interests if you fell behind with your mortgage payments and we had to take possession of your property and sell it. If we sold your property for less than the amount you still owed us on your mortgage, we could claim on the mortgage indemnity to recover some or all of our loss.