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Jargon Buster

jargon

Understand property related jargon.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Offer

A sum of money that the buyer offers to pay for a property.

Offer of a loan

A formal document approving the mortgage you have requested and detailing the terms and conditions that will apply.

Open market value

The price a property would achieve when there is a willing buyer and willing seller.

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