Below we have outlined the most common questions asked about mortgages.
Please click on a question to get the relevant answer.

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How long will I have a mortgage for?
What is an APR?
Do I have to have life insurance to get a mortgage?
How much can I borrow?
What is a higher lending charge (HLC)?
Can I get a mortgage before I find a property?
Can I get a mortgage even if I have a bad credit history?
What happens if I lose my job?
What types of mortgage are there?
How do I repay my mortgage?

What is a higher lending charge (HLC)?

If you borrow an amount with a value above a certain percentage of your property, usually 90%, your lender will charge you a higher lending charge (HLC). The HLC is used to insulate the lender from the increased risk that lending more money brings. They can use it to take out extra insurance or may choose to invest it.

The HLC does not offer you any extra protection, just the mortgage provider. The charge, however, is increasingly unpopular and is less likely to be used now than ever before.

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