Foxtons: Real Estate Agents in London and Surrey
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Home Sell Jargon buster

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. Gas Safety Regulations 1998

    Regulations that require that any gas appliances in a property to be inspected by a gas engineer, who is certified by the Gas Safe Register, before tenants move into a property and annually thereafter.

  2. 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 prior to exchange of contracts.

  3. Gazundering

    When a buyer reduces his agreed offer prior to exchange of contracts.

  4. Ground rent

    The annual charge levied by the freeholder to the leaseholder.

  5. 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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