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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. 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.

  2. Gazundering

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

  3. Ground rent

    The annual charge levied by the freeholder to the leaseholder.

  4. 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.

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