Jargon Buster

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.
Ombudsman

Independent professional bodies who investigate complaints on behalf of customers against, for example, estate agents, solicitors and insurance companies.
Open market value

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

Resources for buyers: Search for a property; New Homes & developments; Why use Foxtons?; Buying process; Jargon buster; Mortgages; Book a valuation appointment