Additional security fee

 

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Additional security fee

An up-front, one-off fee paid to the lender to protect against the borrower defaulting on the loan. This is usually charged on mortgages of more than 75% of the property value. Also known as Indemnity Guarantee Premium and Mortgage Indemnity Premium.



Additional security fee

Similar Matches

Additional voluntary contributions

Additional voluntary contributions

Additional payments to a tax deferred savings account or an occupational pension scheme by an employee to boost a pension at retirement.


Additional principal payment

Additional principal payment

Extra money included in the monthly payment to help reduce the principal and shorten the term of the loan.


Additional rate tax

Additional rate tax

A term which applies to trusts without an interest in possession (for example a discretionary trust) and defines the additional rate of tax on income.


Additional hedge

Additional hedge

A protection against borrower fallout risk in the mortgage pipeline.


Statement of Additional Information (SAI)

Statement of Additional Information (SAI)

A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus.


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