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.