urban financial
Mortgages made simple by the experts.
Urban Financial is an Appointed Representative of Pink Home Loans. Pink Homes Loans is a trading name of Advance Mortgage Funding which is Authorised and Regulated by the Financial Service Authority.
t: 0191 5220932m: 077 088 089 14f: 0191 5220932e: office@urban-financial.co.uk
Back to Jargon Buster
Higher Lending ChargeThis insurance covers the lender if the property is repossessed and the subsequent sale proceeds do not repay the outstanding mortgage debt and costs in full. The Higher Lending Charge protects the lender, not the purchaser who would still be responsible for the shortfall.
Jargon Buster..........