understanding financial jargon
Higher Lending Charge
A charge levied by the lender to ensure it can get its money back should your property be repossessed and be sent to auction. The Higher lending charge is effectively an insurance for the lender which covers any shortfall between the amount gained at auction and the loan amount. Also known as a mortgage indemnity guarantee.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
Copyright © Steve Gears Associates. All rights reserved. No portion of this site may be reproduced without written permission. All Trademarks are freely acknowledged.The information on this site is based on UK data unless otherwise indicated. Non-UK visitors should check with experts within their own legal jurisdiction before relying on information presented here.