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Jargons

Jargon Buster

jargon

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

Penalties

Costs that may be incurred if the borrower repays the loan too early or switches between lenders.

Pied a terre

A property kept for temporary secondary or occasional occupation.

Preliminary enquiries

The initial enquiries about a property put forward to a seller which the seller must answer before the exchange of contracts.

Principal

The sum of the loan on which interest is calculated.

Purchaser

A person who is buying a property.