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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. 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.

  2. Really Simple Syndication (RSS)

    RSS is a way to receive the latest information from a website (e.g. the latest properties) directly to a computer via an RSS reader. Foxtons offers this service.  

  3. Redemption

    When a mortgage is fully repaid.

  4. Repayment mortgage

    A mortgage in which monthly charges are used to repay the interest and reduce the outstanding capital.

  5. Repossession

    When the mortgage lender takes possession of a property due to non-payment of the mortgage.

  6. Retention

    The ability of a lender to hold back (retain) part of a mortgage until certain conditions are met.

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