01483715823 info@ifadirect.co.uk

The higher lending charge

Some lenders may ask for an additional fee from those wanting to borrow a high percentage of a property's value, in order to cover the higher risk that they may not get all their money back should something go wrong.

In practice it is just one more factor in the mix – some companies will market a low rate but have a high higher lending charge (HLC), while another will promote the fact that they have no HLC but may charge a higher rate.

A mortgage adviser's job is to identify the best overall package for you, and HLCs are just part of that process.

Your property may be repossessed if you do not keep up repayments on your mortgage.

APFA

IFA Direct is a trading name of Credenda Ltd. Credenda Ltd is an Appointed Representative of Credenda which is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 181769 http://www.fca.org.uk/register.

IFA Direct Registered Address: 20 Vicarage Road, Woking, GU22 9BH. Registered in England, No. 2047680 .

Neither IFA Direct nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.