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
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Gazumping
When a seller accepts a higher offer from a third party on a property that they have already agreed to sell to someone else prior to exchange of contracts.
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Gazundering
When a buyer reduces their agreed offer prior to exchange of contracts.
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Ground rent
The annual charge levied by the freeholder to the leaseholder.
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Guarantor
The lender may sometimes require a borrower to appoint a guarantor. This is someone who promises to pay the borrower's debt if the borrower defaults.
