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

Failed valuation survey

When the lender turns down your mortgage application after the surveyor�s valuation report indicates the property is not worth the sum sought.
Fixed rate mortgage

A mortgage in which the interest rate is set for an agreed period of time.
Fixtures & fittings

All non-structural items included in the purchase of a property.
Flexible mortgage

An arrangement whereby you can increase or decrease your mortgage repayments.
Freehold

Technical word for the ownership of the property, meaning that it belongs to the owner without limitation of time.

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