Define: Additional Security Fee

UK Accounting Glossary

Definition: Additional Security Fee



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Full Definition of Additional Security Fee


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.


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https://payrollheaven.com/define/additional-security-fee/
Modern Language Association (MLA):
Additional Security Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 29, 2020 https://payrollheaven.com/define/additional-security-fee/.
Chicago Manual of Style (CMS):
Additional Security Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/additional-security-fee/ (accessed: March 29, 2020).
American Psychological Association (APA):
Additional Security Fee. PayrollHeaven.com. Retrieved March 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/additional-security-fee/

Definition Sources


Definitions for Additional Security Fee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.