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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Payment break/holiday
An option on flexible mortgages that allows you to stop making mortgage payments for up to six months.
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Penalties
A specified charge that is levied by the lender under certain circumstances, usually for full or part repayment within a specific period linked to a discount, tracker, fixed or other product type.
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Peppercorn ground rent
A nominal periodic rent usually paid annually.
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Pied à terre
A property kept for temporary, secondary or occasional occupation.
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Podcasting
A way for you to download audio files over the internet and then listen to them via a computer or MP3 player. Foxtons offers Podcasts for all property searches.
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Preliminary enquiries
The initial enquiries about a property put forward to a seller, which the seller must answer before the exchange of contracts.
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Premium
The monthly amount payable for an insurance policy.
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Principal
The amount of debt outstanding (excluding interest).
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Protographer
Foxtons Protographers are trained specifically to collect property information including interactive floorplans, 360° tours and multiple photographs, all in just one visit.
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Public liability insurance
Insurance that covers injury or death to anyone on or around a property.
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Purchaser
A person who is buying a property.
