High loan to value fee
An insurance premium, which insures the lender against any loss of money if the borrower defaults on the loan or the property is repossessed. This usually only applies if you borrow more than 75 per cent of the purchase price. Most lenders do not charge this to you up to 90% loan to value (LTV). Even though you pay personally for the insurance premium, it’s important to remember that this insurance only covers the lender. This insurance is Commonly known as indemnity guarantee premium.

Holiday home
A property that you do not intend to be your main address or place of residence.

Home improvements
Works carried out in order to improve your home.

Homebuyer’s report
The fee paid for a fuller inspection of the property you are thinking of buying. This is more thorough than the normal lender's valuation. This is frequently referred to as an Option 2 valuation fee.

House or flat buyer's report
A more thorough survey than the simple valuation carried out on the property by the lender and worth noting that you still have to pay for a standard valuation fee as well. If the lender does not offer this as an alternative to the basic valuation, you can negotiate with the surveyor carrying out the valuation for the fuller inspection and this may cost you less than a separate inspection with a different company.

Housing Association
A society, body of trustees or company, which is established for the purposes of providing, building, improving, managing, or facilitating, or encouraging the construction or improvement of, housing accommodation. The society does not trade for profit. Anyone wanting help with housing puts his or her name down on the housing association list, which acts in the same manner as council house lists.