Jargon Buster - HIJ

HOUSE IN MULTIPLE OCCUPATION (HMO)

A property rented out by at least three separate people who are not from the same household (eg a family) but share facilities like ...

HOMEBUYER REPORT

This survey is more detailed than a basic valuation for lending purposes and will include a report just for the borrowers on the state ...

HIGHER LENDING CHARGE

A higher lending charge is a fee (insurance premium) that lenders may charge borrowers where the proposed mortgage is more than a certain percentage ...