Jargon Buster - T

‘Tenure’ refers to the legal status of your ownership when you own a property in the UK. Essentially, it clarifies how you hold or ...

Tenancy in common is a type of co-ownership arrangement in which two or more people own a property together, but have distinct and separate ...

The majority of Land these days is registered at the Land Registry, so you are unlikely to ever receive paper bundles of ‘Title Deeds’ ...

A Transfer of Equity is a legal procedure used to change the ownership of a property, typically by adding or removing someone from the ...

The TR1 form, also known as the Transfer Deed, is a legal document that is used to transfer ownership of a property from one ...

The interest rate on a tracker mortgage tracks, or follows, the Bank of England base rate at a set margin above or below it.

Typically used for holiday let and buy to let mortgages. The lender may offer a customer a higher loan amount by using some excess ...

The period of time that your mortgage will be set up for. It is possible to amend the term during a mortgage and also ...

A tenant is a person who rents or leases a property from a landlord. The tenant is responsible for paying rent to the landlord ...

Your Tax Year Overview (TYO) is a statement that lists tax payable, tax paid and tax outstanding. This is often requested by a lender ...