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| Appraisal (sworn valuation)
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| an opinion of the value of a property; not a full valuation
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| | when a property increases in value
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| | a public sale of property, where sale is to the highest bidder who meets or exceeds the seller’s reserve price
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| | a short-term mortgage loan that enables the purchase of one property before the sale of another; the bridging loan is paid off when the first home is sold
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| | a document that shows who owns a property, land size, and the existence of any limitations on the title such as mortgages, easements or encumbrances
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| | movable items of personal property that may be included in a sale
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| | an offer to buy that is subject to specified conditions, for example the arrangement of a mortgage
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| | a document that outlines details of a sale; it is legally binding when signed by both parties
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| | the legal process in which ownership of the property is transferred from the seller to the buyer, usually undertaken by a solicitor or conveyancer
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| | a period of three clear business days after the buyer signs a contract of sale when the buyer can reconsider the purchase; it does not apply to property sold by auction
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| | a new offer of price, terms or conditions made in reply to a previous offer that was unacceptable
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| | failure to pay loan repayments on time, which may lead to foreclosure
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| | a percentage of the purchase price paid by the buyer when making a written offer; usually 10%
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| | where someone has the right to access another person's land for a specific purpose, such as a driveway or public utilities
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| | impediment to the use or transfer of the property in the form of an interest or right in the property, for example easement, mortgage or caveat
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| | the difference between the market value of a property and the amount owed on its mortgage
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| | a government scheme that gives first home owners a non-means tested one-off payment
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| | a mortgage interest rate that is fixed for a set period of time
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| | items attached to a property that cannot be removed without causing damage
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| | the cost of borrowing money, usually paid to the finance lender regularly together with repayment of the principal (loan amount)
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| | a loan where the borrower is only required to pay interest on the amount borrowed during the mortgage period; the borrower must still repay the full mortgage at the end of the term
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| | a legal claim against a property that must be paid off when the property is sold
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| | the price at which a seller is happy to sell and a buyer is willing to buy
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| | a written contract that gives a finance lender rights over a house being bought by a borrower as security for a loan
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| | a policy that protects the finance lender against a borrower defaulting on a mortgage
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| | where a property is not sold at an auction, usually because the seller’s reserve price is not reached
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| | the amount agreed between a seller and a buyer for the sale of a property.
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| | the minimum sale price for a property, as advised by the seller
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| | the time when ownership of a property passes from the seller to the buyer
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| | a government tax paid by a buyer when ownership of the property is transferred; it is based on the property’s sale price
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| | a legal document that identifies who has a right to the ownership of a property
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| | investigating the title of a property to ensure that the seller has the right to transfer ownership
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| | a legal document that conveys title to a property
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| | a type of interest rate that goes up and down according to markets, with repayments changing accordingly
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