Jargon Buster
Understand property related jargon.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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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 take advantage of any equity gained by a rise in value.
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Really Simple Syndication (RSS)
RSS is a way to receive the latest information from a website (eg the latest properties) directly to a computer via an RSS reader. Foxtons offers this service.
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Redemption
When a mortgage is fully repaid.
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Renewal of contracts
Opportunity to renew a contract which has or will shortly expire.
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Repayment mortgage
A mortgage in which monthly charges are used to repay the interest and reduce the outstanding capital.
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Repossession
When the mortgage lender takes possession of a property due to non-payment of the mortgage.
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Retention
The ability of a lender to hold back (retain) part of a mortgage until certain conditions are met.
