Harassment is a criminal offence under the Protection from Eviction Act 1977.
The term refers to acts by a landlord or agent likely to interfere with the peace or comfort of a tenant or involve the withdrawal or withholding of services reasonably required for occupation. Harassment can include the landlord continually visiting the property or contacting tenants
|Higher Lending Charge|
|House Of Multiple Occupation||
In England and Wales HMOs are defined under the Housing Act 2004 as:
|House Price Index||
A House Prices Index measures the price of residential housing. In the UK there is no official HPI, instead various banks, building societies, property websites and the government maintain an Index. Below is a description of the mail indices:
A means tested welfare benefit administered by the local authority providing eligible tenants assistance in meeting the cost of rent.
Helps tenants to pay their rent. All tenants, Council, Housing Association or private, are eligible to apply. How much help anyone receives depends on their income and other circumstances.
The Ombudsman can investigate complaints and other matters referred to them and make recommendations for action. They are independent of the people and organisations they investigate.
They are impartial. Tenants can refer matters to the Housing Ombudsman,
These are the multiples that the Lender will apply to the borrower's income when trying to decide what the maximum they will lend them for their mortgage is.
|Independent Financial Adviser||
Someone that has undergone specific training and has obtained specific qualifications to become a financial adviser and to act independently without being tied to only recommending the products of any particular lender.
When you give an estate agent or auctioneer the right to sell your property, defined by the agreement between you and them and the terms of sale.
The fee charged for borrowing money
|Interest Only Mortgages||
There are 2 ways of repaying a mortgage; capital repayment or interest only.
Interest only mortgage is where you pay off the Interest on the mortgage loan only and are not paying off any of the loan itself. Often tied in with some other investment vehicle to cover the initial loan amount at the end of the mortgage term.
The percentage of a loan paid, per year, by the borrower to the lender.
To die without leaving a valid will: opposite meaning is to die Testate.