Property Investment Terminology, Abbreviations and Acronyms Explained

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

A B C D E F G H I J L M N O P Q R S T U V

A

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)

B

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

C

CH Central Heating
CML Council Mortgage Lenders
COCR Cash On Cash Return
CPO Compulsory Purchase Order
CRM Capital Repayment Mortgage
CT Council Tax

D

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

E

EA Estate Agent
EDC Exchange with a Delayed Completion
EPC Energy Performance Certificate
ERC Early Repayment Charges

F

FENSA Fenestration Self Assessment Scheme
FH Freehold
FLEEA Fire, Lightning, Earthquake, Explosion, Aircraft (Insurance)
FMV Fair Market Value
FR Fixed Rate
FTB First Time Buyer
FURN Furnished

G

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

H

HA Housing Authority
HB Housing Benefit
HHSRS Housing Health and Safety Rating System
HMO House of Multiple Occupancy
HPI House Price Index

I

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

J

JV Joint Venture
JVP Joint Venture Partner

L

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)

M

MV Market Value

N

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

O

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

P

PA Per Annum
PCM Per Calendar Month
POA Price on Application
PP Planning Permission
PP Purchase Price
PW Per Week

R

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

S

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

T

TB Tenant Buyer

U

UF Unfurnished

V

VP Vacant Possession

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