Jargon Buster - B

BISF Houses

BISF (British Iron and Steel Federation) houses are a type of non-traditional, prefabricated housing built in the UK between the 1940s and 1950s. The ...

Booking fee

A mortgage booking fee is a fee that is charged by the lender when an individual applies for a certain mortgage product. For example: ...

BUY TO SELL MORTGAGE

A buy to sell mortgage is a short term mortgage that is suitable for property investors and developers who want to ‘fix and flip’.

BUY TO LET MORTGAGE

A loan designed specifically for landlords to purchase a residential property they wish to rent out. These buy to let mortgages are generally set ...

BUY TO LET

A residential property bought with the sole intention of letting it to tenants on a long term basis. See our Buy to Let Guide ...

BRIDGING LOAN

A bridging loan is a short-term loan designed to help the borrower to buy property for a short period, for example, before they have ...

BREAK CLAUSE

A break clause is a provision in a lease that allows either the landlord or the tenant to terminate the lease before the end ...

BASE RATE

The Bank of England Base Rate (BBR) is set by the Bank of England (BOE) Monetary Policy Committee and is reviewed eight times a ...

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