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

Gazumping

This is when a seller accepts a higher offer from a third party on a property that they have agreed to sell to someone else, but have not yet exchanged contracts.
Gazundering

When a buyer offers the seller a lower offer just before contracts are about to be exchanged.
Ground rent

The annual charge levied by the freeholder to the leaseholder.
Guarantor

The lender may sometimes require a borrower to appoint a guarantor. This is someone who promises to pay the borrowers debt if the borrower defaults.

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