Glossary of Terms A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
Leasehold | Leasehold property differs from freehold property in that it is only owned for a certain term rather than forever. |
Leasehold Valuation Tribunal | The Leasehold Valuation Tribunal is an official body that deals with disputes over service charges and the purchase of leasehold property by tenants who hold long leases. |
Loan to Value (LTV) | Loan to Value is the mortgage set against the value of the house and expressed in a percentage. This is the mortgage amount – the value less the deposit. |
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