Period of time where the property is empty/unoccupied.
A phrase usually used in an agreement for sale meaning that the property is being sold empty/vacant/unoccupied.
A full inspection of the property, conducted by a valuator/valuer, who will then write a detailed report setting out the value of the property. Suitable for any house, commercial building or parcel of land.
The price of a property under normal conditions, i.e. when the buyer is not forced to buy and the seller not forced to sell.
Variable base rate
The basic rate of interest charged on a mortgage. This may change in reaction to market conditions, so monthly payments can go up or down.