Property Investment Terminology, Abbreviations and Acronyms Explained
Property like any industry comes with its own jargon, terminology, abbreviations and acronyms. For the new, would-be investor, this can be daunting and even seasoned operators can sometimes struggle. Today we present a complete list of abbreviations and acronyms commonly used in the UK property sector.
Property Abbreviations and Acronyms
AAIPApplication in PrincipleAPRAnnual Percentage RateASAssisted SaleASTAssured Short Hold TenancyARLAAssociation of Residential Letting AgentsATAssured Tenancy (Agreement)
BBMVBelow Market ValueBMRVBelow Mortgage Redemption ValueBOEBank Of EnglandBRMVBroad Rental Market AreaBTLBuy-to-LetBTSBuy-to-Sell
CCHCentral HeatingCMLCouncil Mortgage LendersCOCRCash On Cash ReturnCPOCompulsory Purchase OrderCRMCapital Repayment MortgageCTCouncil Tax
DDDDue DiligenceDGDouble GlazingDIPDecision in PrincipleDLADisability Living AllowanceDPCDamp Proof CourseDPMDamp Proof MembraneDTVDirect To Vendor
EEAEstate AgentEDCExchange with a Delayed CompletionEPCEnergy Performance CertificateERCEarly Repayment Charges
FFENSAFenestration Self Assessment SchemeFHFreeholdFLEEAFire, Lightning, Earthquake, Explosion, Aircraft (Insurance)FMVFair Market ValueFRFixed RateFTBFirst Time BuyerFURNFurnished
GGCHGas Central HeatingGDNGardenGDVGross Development ValueGFGround FloorGFCHGas Fired Central HeatingGPGross ProfitGR / NRGross Return / Net Return
HHAHousing AuthorityHBHousing BenefitHHSRSHousing Health and Safety Rating SystemHMOHouse of Multiple OccupancyHPIHouse Price Index
IIFAIndependent Financial AdvisorIHTInheritance TaxIOInterest-only: A mortgage where capital debt is held off until the end of the term. Interest payments to service the debt are made at regular periods.IRRInternal Rate Retention / Internal Rate Of Return
JJVJoint VentureJVPJoint Venture Partner
LLHLeaseholdLHALocal Housing AllowanceLIBORLondon Interbank Offered RateLLLandlordLOLease OptionLTB/L2BLease to BuyLTL/L2LLease to Let (Same as R2R)
MMVMarket Value
NNAEANational Association of Estate AgentsNALSNational Association of Letting AgentsNHBCNational House Building Council SchemeNLANational Landlords AssociationNPNet Profit
OOCHOil Central HeatingOIEOOffers In Excess OfOIROOffers In The Region OfOMVOpen Market ValueOOOwner OccupierOPMOther People’s Money: Using other people’s money to purchase propertyOTOOpen to Offers
PPAPer AnnumPCMPer Calendar MonthPOAPrice on ApplicationPPPlanning PermissionPPPurchase PricePWPer Week
RRICSRoyal Institute of Chartered SurveyorsROCEReturn on Capital EmployedROEReturn On EquityROIReturn On InvestmentRORRate of ReturnRPIRetail Price Index
SSARB/SRBSale and Rent BackSDLTStamp Duty Land TaxSOStanding OrderSSTCSold Subject To ContractSVSurveyor ValuationSVRStandard Variable Rate – Mortgage
TTBTenant Buyer
UUFUnfurnished
Ready to Invest..?
We can give you access to a wide range of off-market property investment properties, with an average 8%+ annual yield (beating the UK's average of 3-5%, hands down). There's no commitment - all you have to do is sign up to discover what's on offer - Click below.
...Or Thinking of Selling?
Investment property can be difficult to sell and the process will often leave the landlord out of pocket. We have sales-solutions for investors that estate agents simply can't include amongst the services that they can reasonably provide, with a guarantee.
Comments