High Lending Charge/
Mortgage Indemnity Guarantee

If your mortgage represents a high proportion of the value of the property (for example 75% or more) you may have to pay an additional fee.

Some or all of this fee may be used by the lender, at its discretion, to obtain mortgage indemnity insurance to act as extra security for its sole benefit.

• This insurance does not protect the borrower if the property is taken into possession and sold for less than the amount owed.
  
• Customers remain liable to pay all sums owing, including arrears, interest and lenders legal fees.
  
• If a lender claims the money from an insurance company then the insurance company may recover the sum directly from the borrower.