Property, like any industry, comes with its own jargon, terminology, abbreviations and acronyms. For the new, would-be investor, this can be daunting and even seasoned operators can sometimes struggle. Today we present a complete list of abbreviations and acronyms commonly used in the UK property sector.
Property Abbreviations and Acronyms
AIP | Application in Principle |
APR | Annual Percentage Rate |
AS | Assisted Sale |
AST | Assured Short Hold Tenancy |
ARLA | Association of Residential Letting Agents |
AT | Assured Tenancy (Agreement) |
BMV | Below Market Value |
BMRV | Below Mortgage Redemption Value |
BOE | Bank Of England |
BRMV | Broad Rental Market Area |
BTL | Buy To Let |
BTS | Buy To Sell |
CH | Central Heating |
CML | Council Mortgage Lenders |
COCR | Cash On Cash Return |
CPO | Compulsory Purchase Order |
CRM | Capital Repayment Mortgage |
CT | Council Tax |
DD | Due Diligence |
DG | Double Glazing |
DIP | Decision in Principle |
DLA | Disability Living Allowance |
DPC | Damp Proof Course |
DPM | Damp Proof Membrane |
DTV | Direct To Vendor |
EA | Estate Agent |
EDC | Exchange with a Delayed Completion |
EPC | Energy Performance Certificate |
ERC | Early Repayment Charges |
FH | Freehold |
FLEEA | Fire, Lightning, Earthquake, Explosion, Aircraft (Insurance) |
FMV | Fair Market Value |
FR | Fixed Rate |
FTB | First Time Buyer |
FURN | Furnished |
GCH | Gas Central Heating |
GDN | Garden |
GDV | Gross Development Value |
GF | Ground Floor |
GFCH | Gas Fired Central Heating |
GP | Gross Profit |
GR / NR | Gross Return / Net Return |
HA | Housing Authority |
HB | Housing Benefit |
HHSRS | Housing Health and Safety Rating System |
HMO | House of Multiple Occupancy |
HPI | House Price Index |
IFA | Independent Financial Advisor |
IHT | Inheritance Tax |
IO | Interest only: A mortgage where capital debt is held off until the end of the term. Interest payments to service the debt are made at regular periods. |
IRR | Internal Rate Retention / Internal Rate Of Return |
JV | Joint Venture |
JVP | Joint Venture Partner |
LH | Leasehold |
LHA | Local Housing Allowance |
LIBOR | London Interbank Offered Rate |
LL | Landlord |
LO | Lease Option |
LTB/L2B | Lease to Buy |
LTL/L2L | Lease to Let (Same as R2R) |
MV | Market Value |
NAEA | National Association of Estate Agents |
NALS | National Association of Letting Agents |
NHBC | National House Building Council Scheme |
NLA | National Landlords Association |
NP | Net Profit |
OCH | Oil Central Heating |
OIEO | Offers In Excess Of |
OIRO | Offers In the Region Of |
OMV | Open Market Value |
OO | Owner Occupier |
OPM | Other People’s Money: Using other people’s money to purchase property |
OTO | Open To Offers |
PA | Per Annum |
PCM | Per Calendar Month |
POA | Price On Application |
PP | Planning Permission |
PP | Purchase Price |
PW | Per Week |
RICS | Royal Institute of Chartered Surveyors |
ROCE | Return on Capital Employed |
ROE | Return On Equity |
ROI | Return On Investment |
ROR | Rate of Return |
RPI | Retail Price Index |
SARB/SRB | Sale and Rent Back |
SDLT | Stamp Duty Land Tax |
SO | Standing Order |
SSTC | Sold Subject To Contract |
SV | Surveyor Valuation |
SVR | Standard Variable Rate – Mortgage |
TB | Tenant Buyer |
UF | Unfurnished |
VP | Vacant Possession |
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