Home Sell Jargon buster

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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. Valuation

    A basic survey of a property to estimate its value for mortgage purposes. Mortgage lenders will insist on this before lending.

  2. Value

    The price of a property under normal conditions, i.e. when the buyer is not forced to buy and the seller not forced to sell.

  3. Variable base rate

    The basic rate of interest charged on a mortgage. This may change in reaction to market conditions so monthly payments can go up or down.

  4. Vendor

    The person selling a property.

  5. Vodcasting ('Video Podcasting' or 'Video on demand')

    A way to download video files over the internet before watching them on a computer or video-enabled MP3 player. Foxtons offer Vodcasts for all property searches.

  6. Void

    An empty area or space.

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