Same day transfer of funds between accounts. A bank will charge a fee for this.
Recorded at the land registry, a charge registers a lender as a secured creditor and ensures they will be paid from the proceeds of the sale of the property in the event of the property owner defaulting on the loan.
This is occurs when a property owner has used his property as security against other borrows such as a loan.
This is a certificate issued to the lender by the Land Registry that gives evidence of the lender's charge over the property.
Anything, including property, used as a guarantee that you will be able to pay the lender the loan. If you aren't the collateral/property could be sold by the lender in order to recoup the money they originally paid you.
Payment to a broker for services rendered, such as in the sale or purchase of real property; usually a percentage of the selling price of the property.
A let of your property to a company/business for use by any member of their staff.
|Compound Annual Growth Rate||
The year over year growth rate of an investment over a specified period of time
|Compulsory Purchase Order||
Allows certain bodies which need to obtain land or property to do so without the consent of the owner. Compensation will include the value of the property and costs of acquiring and moving to a new property.
|Consumers, Estate Agents And Redress Act||
Government Act to make provision for the establishment of the National Consumer Council.
In order to make provision for the handling of consumer complaints by certain providers; to make provision requiring certain providers to be members of redress schemes in respect of consumer complaints; to amend the Estate Agents Act 1979; to make provision about the cancellation of certain contracts concluded away from business premises
Insurance you take out to cover the cost of your personal belongings, that are in your property, against anything detrimental that could happen to damage.
Sum of money set aside for emergency use, used to cover extra unplanned expenses