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Jargons

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

Valuation

A basic survey of a property to estimate its value for mortgage purposes. Mortgage lenders will insist on this before lending.

Variable base Rate

The basic rate of interest charged on a mortgage. This may change in reaction to market conditions, so your monthly payments can go up or down.

Vendor

The legal name for a person selling a property.