Tuesday, 14. July 2020

PROPERTY
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JARGON BUSTER
A B C D E F G H I L M N O P R S T U V W Y All?

P

Penalties
The cost that can be incurred if a borrower repays all or part of a mortgage prior to the end of an agreed period or switches between lenders.


Peppercorn Ground Rent
A very nominal periodic rent usually paid per annum.
Pied terre
A property kept for temporary, secondary or occasional occupation.
Preliminary enquiries
Initial enquiries raised about a property that is being sold by the conveyancer which the seller must answer before exchange of contracts.
Probate
The disposal of a property by an executor of a will following the death of the owner.
Purchaser
Anyone who is buying a property.
 

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