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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Re-mortgage
Refinancing a property by either switching a mortgage from one lender to another or by taking out a second mortgage to draw down any equity gained by a rise in value.
Redemption
When a mortgage is fully repaid.
Rent Charge
Money paid by a tenant to a landlord for use of a property when taking tenancy of a property.