Homeowner Loan

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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)

High Lending Charge (HLC)

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, you may be subject to a higher lending charge which will protect the induvial or company you are lending against if you default on your mortgage.

Information

Mortgage Service Levels

Intermediary Mortgages

Working on DIP referrals received on:

21st September

Responding to application portal broker messages on:

21st September

Reviewing applications sent to our underwriters on:

21st September

Working on applications received on:

21st September

Currently reviewing valuations received on:

21st September

Answering calls in less than (average speed):

< 1 minute(s)