An option on flexible mortgages that allows you to stop making mortgage payments for a set period of time as agreed by the lender.
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.
Peppercorn ground rent
A nominal periodic rent usually paid annually by a leaseholder.
Pied Ã Terre
A property kept for temporary, secondary or occasional occupation.