Sometimes we use slightly perplexing words in the property world, so if you're not sure what they mean, check out our jargon-buster.
A basic survey for a property to estimate its value, normally for mortgage purposes. Mortgage lenders will insist on this as a minimum requirement before agreeing to lend against a property.
Variable Base Rate
The basic rate of interest charged on a mortgage. This may change with market conditions, so your monthly payments can go up or down.
The legal name for a person who is selling a property.