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.

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Client Account
This means an account set up in a bank, building society or other financial institution specifically to hold money held on behalf of clients.
Closing Administration Charge
A charge made by the lender to cover administration costs when a mortgage is repaid.
CML
The council of mortgage lenders, which as devised the Mortgage Code to ensure lenders treat customers fairly.