User guide
Click on a letter to find an explanation to the jargon.
Click on a letter to find an explanation to the jargon.
Maintenance Charge (or Service Charge)
The cost of repairing and maintaining external and / or internal communal parts of a building, which are then charged to the tenant or leaseholder.
Maisonette
Technically a maisonette is an apartment which is on two levels, with its own separate access. Although generally properties on two levels, with or without separate access, are referred to as maisonettes.
Mortgagee
The lender of a mortgage i.e. a bank or building society.
Mortgagor
The recipient of the mortgage.
Mortgage Indemnity Guarantee
An insurance policy that a mortgage lender may require the purchaser to pay if their loan is above a specified amount of the purchase price.
Mullion
The upright dividing section of a window.
Multiple Agency
See joint agency.
