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

Basic variable mortgage rate

Mortgage lender's standard rate of interest which may be increased or decreased periodically by the lender depending on prevailing economic conditions.
Bridging loan

A temporary loan providing financial cover which allows a purchaser to complete on the purchase of a new property before selling the previous property.
Building survey (formerly full structural survey)

A full inspection of the property, conducted by a chartered surveyor, who then writes a detailed report including any property defects. Suitable for any house, particularly older properties and those which have been poorly maintained. Also for properties which have been extensively altered or extended, or any property you may wish to alter or extend.
Buy to let mortgage

A type of mortgage specifically designed for people buying a property with the intention of letting it out.

Resources for landlords: Why use Foxtons?; Property Management; Lettings process; Short lets; Jargon buster; What our clients say; Buy to Let mortgages; Free property valuation