Need To Know Terms For Property Investors
Wise Tip: Always conduct thorough research before making any investment.
Need To Know Terms For Property Investors
by John Smith
If you’re beginning to think learning about Property Investment is impossible due to all the jargon and abbreviations you have to learn, here’s the resource you’ve been looking for!.
Wise Tip: Always conduct thorough research before making any investment.
Property Investment Glossary of Terms
ANGEL INVESTOR – An individual or small independent company that will lend you money at a fixed rate
AIP – Agreement In Principle
AML – Anti-Money Laundering Regulations
AST – Assured Shorthold Tenancy (Agreement)
ASTL – The Association Of Short-Term Lenders
BMV – Below Market Value
BCMV – Below Current Market Value
BR – Bank Rate (Previously known as BBR)
BBR – Bank Base Rate (Now BR)
BRR – Buy Refurbish & Refinance
CP12 – An Annual Gas Safety Inspection Certificate
COMMONHOLD – Essentially A Freehold With Common Responsibilities
DIP – Decision In Principle (Superseded with an AIP, above)
DPS – Deposit Protection Service
DSCR – Debt Service Cover Ratio
DSS – Department For Social Security
DUV – Done Up Value
DVR – Discounted Variable Rate (This Is A Discount On The Variable Rate Of A Mortgage)
DWP – Department Of Working Pensions
EER – Energy Efficiency Rating
EICR – Electrical Installation & Condition Report
EPC – Energy Performance Certificate
ERC – Early Redemption Charge
ERV – Estimated Rental Value
FCA – Financial Conduct Authority
FIBA – The Financial Intermediary And Broker Association
FIRST CHARGE – A Legal Charge Executed Against A Property Equating To The Value Of The Debt Or Lenders Loan
FIXED-TERM MORTGAGE – A Mortgage With A Fixed Interest Rate Over The Term
FLIP – A Property That Is Purchased, Improved And Sold For Profit
FREEHOLD – The Permanent or Absolute Tenure of The Land or Building
FTB – First-Time Buyer
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