Higher Lending Fee

Lenders typically charge a higher lending fee on a mortgage if you need to borrow a high percentage of the value of the property. For example, a lender might have a threshold of 90% for mortgages, and charge a higher lending fee if you need more than that. If you have a 5% deposit, you will need a 95% mortgage – and you’ll pay a higher lending fee. The lender may also ask you to take out mortgage indemnity insurance.