Jargon
Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.
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- Failed valuation survey
- Sometimes, after a survey, the valuation report may indicate that the property is not worth the sum that is sought. At this point, the mortgage lender may turn down an application by the purchaser.
- FICO
- Financial Intermediaries and Claims Office - an Inland Revenue department administering tax for your overseas landlords.
- Final Reminder
- A letter requesting payment and sent to a customer who is in arrears before legal proceedings start.