Sometimes we use slightly perplexing words in the property world, so if you're not sure what they mean, check out our jargon-buster.
The costs 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 à terre
A property kept for temporary, secondary or occasional occupation.
Initial enquiries raised about a property that is being sold by the conveyancer which the seller must answer before exchange of contracts.
The monthly amount payable for an insurance policy.
The sum of the loan on which interest is calculated.
The disposal of a property by an executor of a will following the death of the owner.
Public Liability Insurance
Insurance which covers injury or death to anyone on or around your property.
Anyone who is buying a property.