Jargon Buster
Many of the people involved in the process of buying and selling houses use jargon. Terminology that many people will not hear in their day to day activities. We break some of the more commonly used terms down.
Although not exhaustive we believe this covers many of the more commonly used terms and phrases.
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
A
Abstract of Title
Accelerated Possession
Advance
Adverse Credit
Annual Percentage Rate (APR)
Arrangement Fee
Arrears
B
Bad Credit
Bankers Draft
Base Rate
Buildings and Contents Insurance
Buildings Insurance
Buy-To-Let
C
Capital Gains Tax (CGT)
Capped Rate
Cash back
Chain
CML
Completion date
Consumer Credit Act
Contents insurance
Contracts
Conveyance
Cooling Off Period
Council of Mortgage Lenders
County Court Judgement (CCJ)
Credit File
Credit Reference Agency
Credit Scoring
Credit Search
Critical Illness
D
Date of entry
Debt Consolidation
Decreasing term assurance
Defaults
Deposit
Details
Disbursements
Discount term
Discounted rate
E
Early Redemption Charges
Endowment
Equity
Equity Release
Estate Agency Fees
Exchange of Contracts
F
Fixed Rate Loan
Financial Planning Certificate (FPC)
Fixtures
Flexible Mortgage
Freehold
G
Gazump
Gazunder
Ground Rent
H
HM Land Registry
Home Buyers Report
I
Income Multipliers
Income References
Interest Only
J
K
L
Leasehold
Leaseholder
Lender
Let-To-Buy
Life Insurance
Loan to Value (LTV)
M
Monetary Policy Comittee
Mortgage
Mortgage Guarantee Letter
Mortgage Indemnity Guarantee
Mortgage Offer
Mortgagee
Mortgagor
Multiple Agency
N
Negative Equity
O
Offer
P
Payment Protection
Policy Excess
Property Mis-Descriptions Act
Purchaser
Q
R
Rebuilding Cost
Re-Mortgage
Removal Expenses
Repayment Mortgage
S
Searches
Second Charge
Self-Certified
Settlement
Sole Agent
Solicitor
Stamp Duty
Structural Survey
T
Term
Tie-in Period
Title Deeds
Transfer Deed
U
Unsecured Loan
V
Valuation
Variable Rate
Vendor
w
x
y
z
