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How to Really Buy a Property
The most frequently asked questions about buying property and plain English answers
Understand the jargon of property buying with over 140 terms and phrases explained
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Property Terminology
Agreed Price
Agreement in Principle
AIP
Annual Property Cycle
Applicant
Asking Price
Attended Exchange
Bewitching Hour
Bidding Wars
Bowing Roof
Building Control Approval
Building Insurance
Building Regulation Approval
Bulging Wall
Cash Buyer
Certificate of Lawful Use
Chain
Chain Free Buyer
Chain Free Property
CLM
CLM Handbook
Completion
Conditional Exchange
Conservation Area
Contents Insurance
Contract
Contract Race
Conveyancer
Conveyancing
Council of Mortgage Lenders
Credit History
Credit Rating
Damp
Deeds of Variation
Down Dizing
Down Valuation
Draft Contract
Drainage Search
Drive by Survey
Dry Rot
DX System
Environmental Search
Equity
Exchange of Contracts
Fall Through
Financial Advisor
First Time Buyer
Fixtures and Fittings
Freehold
Freeholder
Further Enquiries
Gazump
Ground Rent
Guide Price
Heave
Homebuyers Survey
Indemnity Insurance
Independent Financial Advisor
Joint Sole Agency
Land registry
Landslip
Lease Extension
Lease Length
Lease Value
Leasehold
Leaseholder
License to Assign
Lifetime Mortgage
Listings
Loan to Value
Local Searches
LTV
Managing Agent Enquiries
Mortgage Term
Mouse Holder
Multiple Agency
Negative Equity
Negotiator
New Build
Off Plan
PAM
Penetrating damp
Period Conversion
Period Property
Planning Consent
Planning Permission
Pooled Commission
Power of Attorney
Pre Arranged Mortgage
Property Bubble
Property Cycle
Property Details
Property Particulars
Purpose Built
Repossession
Reserve Price
Retention
Rising Damp
Sagging Roof
Sealed Bids
Sellers Questionnaire
Service Charge
Settlement Cracks
Share of Freehold
Sink Fund
Sitting Tenants
Slip
Sold Subject to Contract
Sold Subject to Survey
Sole Agency
Solicitor
Split Commission
Structural Engineer
Structural Survey
Subject to Contract
Subsidence
Survey
Survey Booked
Survey Instructed
Survey Requested
Survey Sent to Panel
Surveyor
Tenanted Properties
Title
Title Deeds
Trading Down
Trading Gap
Trading Up
Traditional Property Cycle
Under Offer
Underpinning
Up Sizing
Vacant Possession
Valuation Survey
Valuer
Vendor
Wet rot
Yield
