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Home  Jargons
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Understand property related jargon.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
CML
The council of mortgage lenders, which as devised the Mortgage Code to ensure lenders treat customers fairly.
Capital
The amount of the loan on which interest is calculated.
Chain
The situation that occurs when a buyer is reliant upon completion of the sale of his existing property, in order to complete on the purchase of his new property.
Completion
The point at which all transactions concerning the property's sale are concluded and legal transfer of ownership passes to the buyer.
Conditions of sale
The details which determine the rights and duties of the buyer and seller.
Contract
A legal agreement between the seller and buyer of a property which binds both parties to complete the transaction.
Conveyancer
A qualified individual such as a solicitor or licensed conveyancer who deals with the legal aspects of buying or selling a property.
Conveyancing
Traditional term for the legal work involved in the purchase and sale of a property.
Covenants
Rules and regulations governing the property, contained in its title deeds or lease.