MARKET VALUE
The estimated value that a property would sell for at the current time on the open market.
LOAN TO VALUE
The size of the mortgage as a percentage of the property’s value. Loan to Value or LTV is the mortgage size calculated as a ...
LISTED BUILDING
A listed building is a building or structure that has been deemed of special architectural or historical importance and, as such, has been placed ...
LEASEHOLD
A leasehold property means that you own the right to occupy a home for a set period, not the property itself. This period is ...
LAND REGISTRY
The HM Land Registry is responsible for the legal protection and registration of land and property in England and Wales. It is a government ...
INVENTORY
A let property inventory is a document and photographic record of the condition of a rental property at the start of a tenancy. It ...
INTEREST ONLY MORTGAGE
Interest is paid on the mortgage each month, without repaying any of the capital loan itself. This would be the opposite of a repayment ...
HOUSE IN MULTIPLE OCCUPATION (HMO)
A property rented out by at least three separate people who are not from the same household (eg a family) but share facilities like ...
HOMEBUYER REPORT
This survey is more detailed than a basic valuation for lending purposes and will include a report just for the borrowers on the state ...
HIGHER LENDING CHARGE
A higher lending charge is a fee (insurance premium) that lenders may charge borrowers where the proposed mortgage is more than a certain percentage ...
GROUND RENT
Ground rent is an annual sum of money paid to a landlord or landowner by a leaseholder in order to occupy a leased property. ...
GREEN MORTGAGES
Green Mortgages are a new type of mortgage finance that is designed to encourage property owners to make energy efficient improvements to their homes ...
GAZUNDERING
When the buyer lowers their offer to buy a property at the last minute, just before contracts are exchanged. Gazundering is a term used ...
GAZUMPING
Gazumping is when a seller accepts an offer from one buyer, but then suddenly decides to accept a higher offer from another. This leaves ...
GAS SAFETY RECORD
Landlords are legally obliged to ensure that all gas appliances and flues in their rental properties are safe for use. This means that landlords ...
