Further advance
A further advance is a loan that you can take out on top of your existing mortgage and is provided by the same lender. ...
Probate
Probate is the legal process that occurs after a person’s death to prove the validity of their will and to administer their estate. The ...
Joint Tenancy
Joint tenancy is a type of co-ownership arrangement in which two or more people own a property together and have equal ownership interests. With ...
Tenancy in common
Tenancy in common is a type of co-ownership arrangement in which two or more people own a property together, but have distinct and separate ...
Joint Venture (JV)
A joint venture is a business arrangement in which two or more parties agree to combine their resources and expertise to pursue a specific ...
Mezzanine finance
Mezzanine finance can be used to finance the acquisition or development of properties and land. In this context, mezzanine debt finance is typically structured ...
Compulsory Purchase Order
A compulsory purchase order (CPO) is a legal instrument that allows a public authority or utility company to acquire privately-owned land or property without ...
Deed of Variation
A Deed of Variation is a legal document that allows changes to be made to a Will after the person who wrote it has ...
Chain break
A chain break refers to a disruption in the chain of transactions that needs to occur in order for a property sale to be ...
Capital Appreciation
Capital appreciation refers to the increase in the value of a property over time. For example, if a property is purchased for £300,000 and ...
Payment holiday
A mortgage payment holiday is a temporary break from making mortgage payments that is granted to the borrower by the lender. Mortgage payment holidays ...
Partial redemption
A partial redemption is a part-payment made by the borrower to pay off a portion of their mortgage balance before the end of the ...
Guarantor
In the context of a mortgage, a guarantor is a person who agrees to be responsible for the borrower’s mortgage payments if the borrower ...
Deed of Trust
A Deed of Trust or a Declaration of Trust may be used to clarify the ownership and financial interests of the parties involved in ...
Current account mortgage
A current account mortgage, also known as a current account offset mortgage, is a type of loan that allows the borrower to link their ...
