The Better-Mortgages uk mortgage terminology glossary (J)

As with any industry, the world of mortgages has it's own language and definitions. Use the definitions in this glossary to look up uk mortgage terminology you are not familiar with.

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Joint property

In Scots law, property over which two or more persons have absolute rights (i.e. they all own all of it) is called Joint property. An example is a joint bank account. On death, the property passes to the surviving party or parties.

Joint tenancy

This is where two or more persons are both tenants on own land in common (i.e. it is impossible to point to one part of the property and say that belongs to one person rather than the other). An important feature of Joint tenancy is that on the death of one joint owner, the land passes to the survivors. This is called the `right of survivorship'.

Jura in re aliena

In Scots law, the rights of someone over the property of another is called Jura in re aliena.

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