What is a Higher lending charge?

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.


Want to speak to a friendly staff member?

Sometimes it's easier to discuss things face-to-face. All our branches have staff ready and waiting to talk. If you’d like to discuss your options or you think you need help, call in at your local branch.

Branch finder

Alternatively call our enquiries line between:

9am and 5pm Monday to Friday or
9am and 12pm on Saturday

Our staff will be more than happy to help with any questions or queries