Jargon Buster - FG

FREEHOLD

In England, freehold property ownership is when the owner has full and permanent ownership of both the land and any buildings on it. Essentially, ...

FIXTURES

Fixtures are any type of item that is fixed to a property and usually comes with the sale. Items such as furniture, carpets, kitchens, ...

FIXED RATE MORTGAGE

A fixed interest rate mortgage is a type of mortgage where the interest rate remains fixed for a set period of time. This means ...

FITTINGS

Fittings are items that are not permanently attached to the property, and can be removed without damaging the structure. Examples of fittings include:

FIRST-TIME BUYER

A first time buyer is someone who has never owned a property or land. Lenders create first time buyer mortgages specially for this group ...

FIRST CHARGE

In the UK, a first legal charge is typically used to secure a main mortgage or other loan on a property. When a borrower ...