Jargon

Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.

  1. a
  2. b
  3. c
  4. d
  5. e
  6. f
  7. g
  8. h
  9. i
  10. j
  11. k
  12. l
  13. m
  14. n
  15. o
  16. p
  17. q
  18. r
  19. s
  20. t
  21. u
  22. v
  23. w
  24. x
  25. y
  26. z
Abstract of title
A document prepared by the Vendor’s solicitor. This relates to unregistered land proving that the Vendor does indeed own the land. Futhermore that any previous mortgages have been paid and settled.
Additional enquiries
These are extra enquiries over and above the agreed enquiries contained in the standard property information form which a conveyancer deems it absolutely necessary to raise with a seller's conveyancer.
Additional security fee
An up-front, one off fee paid to the lender to protect them against the borrower defaulting on the loan. Usually, charged on mortgages over 75% of the house value. Also known as MIG, Indemnity Guarantee premium and Mortgage Indemnity Premium.