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Terminol Left termA glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms
A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms A glossary of property and mortgage terms

Higher Lending Charge (HLC)
It is a type of insurance premium that is usually applicable on mortgages for the amount more than 75% of the property value. This fee could either be paid before mortgage funds are released or added to the loan itself. It is often referred to as the Mortgage Indemnity Premium; Mortgage Indemnity Guarantee ; Mortgage Indemnity Fee; Mortgage Insurance; High Percentage Loan Fee; or Additional Security Fee.

High Street Lenders
Term referring mainly to banks and building societies that situated on the High Street.

Holiday Home
A property that is not one's main place of residence and, as such, is used for weekends and/or holidays only. A mortgage on such a property will usually be at a higher rate of interest in addition to a more considerable deposit.

Home Buyer's Report
Also see Valuation and Structural Survey.
A report undertaken by the Surveyor pertaining to the property's structure and it's fixtures. It is less detailed than Structural Survey, but has more information than standard Valuation Report.

Home Buyer's Valuation Fee
An agreed sum of money paid to the Surveyor for undertaking the survey and preparing the Home Buyers Report.

Home and Contents Insurance
A general term that refers to both the protection cover for the structure of the property as well as its contents. There is generally no obligation to buy both of the policies from the same provider.

Home Equity Loan
Also See Equity Release.
A way of accessing capital tied in the mortgage-free property.

Home Improvements
A process of improving one's property by undertaking property alterations, upgrading appliances, decorating, etc.

House or Flat Buyer's Report
See Home Buyers Report

Household Insurance
See also Buildings Insurance and Contents Insurance. An insurance policy that will compensate for the loss and/or damage of household goods, ie white goods, personal belongings, etc.

Housing Association
Not for profit organisation that provides residential accommodation as well as services of managing properties, maintaining, undertaking home improvements and even property construction.

HMO (Houses on Multiple Occupation)
Properties that are let to three tenants or more where tenants form at least two households that share the same facilities such as toilet, bathroom and kitchen.

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