You are here: Home Page
/
Dictionary
Moneyextra.com
- Our Online Buys
- Get a Loan
- Get a Credit Card
- Get a Mortgage
- Cheap Car Insurance
- About Us
- Contact Us
- My Portfolio
-
Money News
- Finance Features
- News Feeds
- Guides
- Dictionary
Additional Security Fee
Additional Services
- Conveyancing - get a competitive online quote
- Credit Reports - how credit worthy are you?
- Home Insurance - great buildings & contents cover
An additional security fee may be required when the mortgage exceeds a certain percentage of the value of the property (usually 75%).
The form of additional security used is normally a Mortgage Indemnity Policy. Occasionally the lender may require a parent to be a guarantor or for other security such as shares or insurance policies to be pledged.
Go to Moneyextra's Mortgage Centre and Mortgage Comparison Service now.
Last Updated: February 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.