Glossary Index

Mortgage terminology can be tricky to understand. Our mortgage glossary explains key terms and acronym’s that Pepper Money and other lenders use.

High Lending Charge (HLC)

A higher lending charge is applied by lenders when the loan extended to a borrower reaches a higher percentage than the typical percentage of the property. For example, if you borrow more than 75% of the original property value. In that case, you may be subject to a higher lending charge, protecting the individual or company you are lending against if you default on your mortgage.