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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

  1. Payment break/holiday

    An option on flexible mortgages that allows you to stop making mortgage payments for up to six months.

  2. 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.

  3. Peppercorn ground rent

    A nominal periodic rent usually paid annually.

  4. Pied à terre

    A property kept for temporary, secondary or occasional occupation.

  5. 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.

  6. Preliminary enquiries

    The initial enquiries about a property put forward to a seller, which the seller must answer before the exchange of contracts.

  7. Premium

    The monthly amount payable for an insurance policy.

  8. Principal

    The amount of debt outstanding (excluding interest).

  9. Protographer

    Foxtons Protographers are trained specifically to collect property information including interactive floorplans, 360° tours and multiple photographs, all in just one visit.

  10. Public liability insurance

    Insurance that covers injury or death to anyone on or around a property.

  11. Purchaser

    A person who is buying a property.

Call 0800 369 8667 for further information about Foxtons, or to find out how much your property is worth

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