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1 www.seacco.co.uk if you have a deposit of less than or equal to 25% of the property’s value, you may also be charged a HLC, or higher lending charge. This type of charge is often used by lenders in order to purchase insurance so they can protect themselves against the borrower defaulting on their mortgage repayments. The good news, though, is that most mortgage lenders no longer have this charge, but you still have to confirm it with your mortgage lender.
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