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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Portable
The ability to move a particular mortgage product from one property to another in the event of a property move. If the mortgage is not 'portable' then moving would involve the payment of early redemption charges even if another mortgage was taken with the same lender.
Power of Attorney
A legal document giving a third party an absolute or limited right over the principal’s property and assets.
Preliminary enquiries
The initial enquiries about a property put forward to a seller which the seller must answer before the exchange of contracts.