Joint life second death
“Joint life second death” life insurance, also known as “second-to-die” or “survivorship” life insurance, is a type of policy that covers two individuals, typically ...
Joint life first death
“Joint life first death” life insurance is a type of joint life insurance policy that covers two individuals, typically partners or spouses. The policy ...
Income Cover Ratio (ICR)
The Income Cover Ratio (ICR) is a key measure used by lenders to assess affordability for Buy to Let mortgages. In simple terms, it ...
Japanese Knotweed
Japanese knotweed is an aggressive, fast-growing plant that quickly forms clumps in the spring. The annual stems are tall and densely packed, and each ...
HELOC
A HELOC, or Home Equity Line of Credit, is a type of flexible secured loan that allows you to borrow money against the equity ...
Hawksley Schindler
From approximately 1949 to 1956, Richard Costain Ltd manufactured prefabricated reinforced concrete (PRC) frames for 1,400 terraced and semi-detached units, known as Hawksley Schindler ...
Housing Defects Act
The Housing Defects Act of 1984 was a UK law introduced to address the issue of defects in new houses and flats. The Act ...
Joint Tenancy
Joint tenancy is a type of co-ownership arrangement in which two or more people own a property together and have equal ownership interests. With ...
Joint Venture (JV)
A joint venture is a business arrangement in which two or more parties agree to combine their resources and expertise to pursue a specific ...
Inheritance Tax
Inheritance tax is a tax on the assets (property, money, and possessions) of a person who has passed away. In the UK, inheritance tax ...
Help to buy scheme
The Help to Buy scheme is a government-backed initiative in the UK that aims to help first-time buyers and home movers purchase a property ...
INDIVIDUAL VOLUNTARY ARRANGEMENT
An Individual Voluntary Arrangement (IVA) is a formal, legally-binding agreement between an individual and their creditors to repay their debts over a set period ...
ISA – Individual Savings Account
An Individual Savings Account (ISA) is a type of tax-advantaged savings account available to residents of the United Kingdom. It allows individuals to save ...
INVENTORY
A let property inventory is a document and photographic record of the condition of a rental property at the start of a tenancy. It ...
INTEREST ONLY MORTGAGE
Interest is paid on the mortgage each month, without repaying any of the capital loan itself. This would be the opposite of a repayment ...
