Jargon Buster

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Glossaries

Term Definition
Down Payment
Amount of payment in cash by the purchaser to the lender.
Due Diligence
Activities you undertake to ensure that all is well with the property you are looking to purchase. This involves getting comparables for both rentals and property values in the area.

See http://www.justdoproperty.co.uk/due-diligence-in-15-minutes