Cash Back: An incentive given by some mortgage lenders when a sum is paid to the purchaser upon completion of the mortgage..

Capped Mortgage: A mortgage where there is an upper limit on the interest rate but with no lower limit.This rate will vary in accordance with the lender ’s interest rate charges..

Chain: When selling a property,the situation often occurs when a buyer is reliant on completion of their home in order to complete the purchase of a new property..

CML: The Council of Mortgage Lenders who devised the Mortgage Code to ensure lenders treat customers fairly..

Completion: The point at which all transactions concerning the property sale are conducted and legal transfer of ownership passes to the buyer.Invariably,this is also the day of moving..

Conditions of Sale: These details determine the right and duties of the buyer and seller.These could be imposed by the law society or specifically devised by your solicitors..

Contents Insurance: Insurance that provides cover for the loss or damage to possessions inside a property..

Contract: An agreement which is legally binding between the seller of a property and a buyer.This binds both parties to complete the transaction at any agreed time..

Contract Race: When two parties have made an offer on the same property two contracts can (although not commonly)be distributed.The vendor will sell to whoever exchanges contracts first.

Conveyancer: A qualified individual such as a solicitor or a licensed conveyancer who will deal with all the legal aspects of buying or selling a property..

Conveyancing: This is the traditional term used for the legal work involved in the sale and purchase of a property in England..

Covenants: Some properties have rules and regulations that govern what can and can ’t be done and would be lodged with the title deeds or lease..