Higher Lending Charge

CLS26

Sorry, yet another question!

I understand (both from bank publications and from the MSE guide to mortgages), that a higher lending charge ("HLC") is payable on certain mortgages. I understand that if the LTV is less than 90%, the lender will pick up the cost of the HLC, and if the LTV is more than 90%, the borrower picks up the cost (assuming a 90% LTV is even possible nowadays, which it appears not!).

My question is - has anyone noticed whether the banks are reducing this threshold so that borrowers are having to pay a HLC at a lower LTV (e.g. 80%)?

Thanks!
CLS

CLS26

*shameless bump*

CLS26

*brass-necked bump*

Robert_Sterling_3

One more bump.
I will pick up the early triple bump charge.

CLS26

Sorry - I have no shame!!!

On looking at products on the various bank websites, it appears that there is still no HLC charge under 90%, but some areas of websites are still ridiculously out of date given the current climate. It seems the only bits they change are the rate details...

Anyway, if anyone hears anything about HLC being charged under 90%, I would be most interested to know.

CLS

:thumbsupsmily:

payless

being done more by back door - using LTV tiers on rates

you get the odd lender a lower threshold - and some with a higher one ( but at present often won't lend taht high anyway)