Higher Lending Charge

Higher lending charges (HLC) are payable for all advances above 80% LTV.

Where the HLC is payable by the borrower(s) it cannot be added to the mortgage and must be paid prior to the release of mortgage funds. Where the Society is contributing towards the HLC, this is limited to a maximum contribution of £1,500 per case or the actual cost of the HLC whichever is the lower.