RICS
The Royal Institution of Chartered Surveyors (RICS) is a professional body for surveyors and related professionals in the UK and around the world. RICS ...
Surveyor
A surveyor is a professional who is trained to assess the value, condition, and suitability of a property. RICS Surveyors are typically hired by ...
Shared ownership
Shared ownership is a type of home ownership in the UK that allows the buyer to purchase a share of a property and pay ...
Redemption penalty
A redemption penalty is a fee that is charged to a borrower when they pay off their mortgage before the end of the agreed ...
Overpayment
An overpayment on a mortgage is a payment made by the borrower that is above the required monthly payment amount. Overpayments can be made ...
Inheritance Tax
Inheritance tax is a tax on the assets (property, money, and possessions) of a person who has passed away. In the UK, inheritance tax ...
Mortgage term
A mortgage term is the length of time over which a borrower repays a mortgage. The term of a mortgage can range from a ...
Cashback mortgage
Cashback mortgages are a type of mortgage product offered by UK lenders that give borrowers an upfront lump sum when their mortgage is completed. ...
FLEXIBLE MORTGAGE
A flexible mortgage is a type of home loan that allows the borrower to have more control over their repayment schedule. With a flexible ...
Help to buy scheme
The Help to Buy scheme is a government-backed initiative in the UK that aims to help first-time buyers and home movers purchase a property ...
Gifted deposit
A gifted deposit is a sum of money that is given to a borrower by a family member or close friend to be used ...
COLLECTIVE ENFRANCHISEMENT
Collective enfranchisement is the right for leaseholders of a building, or part of a building, to join together and buy the freehold of that ...
INDIVIDUAL VOLUNTARY ARRANGEMENT
An Individual Voluntary Arrangement (IVA) is a formal, legally-binding agreement between an individual and their creditors to repay their debts over a set period ...
SELF-CERT MORTGAGES
Self-cert mortgages, or self certification mortgages, were a type of loan that did not require any proof of a borrower’s income. Loans were capped ...
ISA – Individual Savings Account
An Individual Savings Account (ISA) is a type of tax-advantaged savings account available to residents of the United Kingdom. It allows individuals to save ...
