Alexander Hall Mortgages Mortgage jargon buster Mortgage terms beginning with H

Mortgage jargon buster

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Higher Lending Charge

A fee charged by lenders when the loan-to-value (LTV) ratio on a borrower's property is above a certain level, typically 90%.

Holiday Home

A second property that is used for holidays and weekends rather than as a main residence. Lenders will typically charge a higher rate, or demand a larger deposit, on mortgages for a holiday home.

Home Buyer's Report

A type of property survey that is more comprehensive than a mortgage valuation but less extensive than a full structural survey.

Home Buyer's Valuation Fee

The fee charged by a surveyor for producing a Home Buyer's Report.

Household Insurance

An insurance policy that protects against loss or damage to the property caused by fire, some natural causes and acts of vandalism.

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