Property Loan Related Glossary

Bridging / Mortgages / Property Development Glossary and Abbreviations
Amortisation
To pay off the principle of a loan and interest over time.
Equity
The difference between the value of a property and any loans secured against it.
Freehold
The ownership of property and the land on which it resides.
Leasehold
The right to occupy or possess a piece of land or property for a given length of time set out in the terms of the lease.
Open Market Value
The price a property may achieve between a willing buyer and vendor.
Stamp Duty
Government tax levied against the property purchase price.
Survey
See Valuation
Tenure
The type of property ownership for example Freehold or Leasehold.
Title
The legal right to ownership of a property.
Title Deeds
A document showing who owns a property.
Valuation
An independent report on the value of a property.
ARLA
Association of Residential Letting Agents.
AST
Assured Short hold Tenancy agreement.
AT
Assured Tenancy.
BMV
Below Market Valuation.
BTL
Buy To Let
BTS
Buy To Sell.
CPO
Compulsory Purchase Order.
DPP
Detailed Planning Permission.
ERC
Early Redemption Charge.
ERP
Early Redemption Penalty.
FPP
Full Planning Permission.
FSA
Financial Services Authority.
FSS
Full Structural Survey.
FTB
First Time Buyer.
CGT
Capital Gains Tax.
GDV
Gross Development Value.
HMO
House of Multiple Occupancy.
JV
Joint Venture.
LTB
Let To Buy.
LTV
Loan to Value.
NHBC
National House Building Council.
NPV
Net Present Value.
OMV
Open Market Value.
OPP
Outline Planning Permission.
PP
Planning Permission.
RICS
Royal Institute of Chartered Surveyors.
Summary
Here is a list of popular terms and abbreviations covering various property aspects that you may find useful.
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Case Studies
An overview of previously completed commercial finance successes! We have successfully financed many deals for our customers in the past, here is just a small list that you may find of interest [more details].