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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Lessee
The person who grants a lease - the landlord.
Lessor
The person responsible for granting a lease - normally the landlord.
LIBOR Linked Rate
The London Inter Bank Offered Rate is the rate at which banks lend money to one another. LIBOR changes daily and a LIBOR linked mortgage will normally be adjusted every three months. LIBOR linked rates are usually quoted as X% above LIBOR.