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Glossary

Commercial finance glossary.

CCJ (County Court Judgment)
A judgement reached in the County Court generally relating to non payment of a loan, mortgage etc debt in general.

Charge
Any right or interest to which a freehold or leasehold property may be held. Usually this relates to your claim to the property before the mortgage has been finalised.

Completion
The term used when the seller and buyer exchange the finances required to buy a property through their respective solicitors and the buyer becomes the legal owner of the property.

Conveyance
The legal process in which ownership of the property is transferred from the seller to the buyer.