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

1. Offer

   A sum of money that the buyer offers to pay for a property.

2. Offer of a loan

   A formal document approving the mortgage you have requested and detailing the terms and conditions that will apply.

3. Ombudsman

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

4. Open market value

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

Resources for tenants

Lettings search

Short lets

Corporate relocation services

Why use Foxtons?

Letting process

Jargon buster

Tenant support

Book a valuation appointment

Register