Glossary

The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


P20

Abeyance

Abnormal return

Above ground risk

Absentee landlord

Accelerated Payments

Accrual Rate

Additional Voluntary Contributions

Agent

Alternatively Secured Pension (ASPs)

Annual Allowance

Annual Allowance charge

Annuity

Annuity rates

Arrears

Asset Class

Automatic Enrolment

Basic State Pension

Beneficiary

Benefit Crystallisation Event

Bricks and Mortar

Buy-to-Let

Buy-to-Let Mortgage

Capital

Capital Appreciation

Capital Gains Tax

Capped Drawdown

Cash Lump Sum

Chain

Commercial Property

Company Pension

Completion

Compound Interest

Conditions of Sale

Conveyancing

Critical Yield

Deeds

Defined Benefit Scheme

Defined Contribution Scheme

Deflation

Dependant

Disposable Income

Diversification

Drawdown

Early Retirement

Equity

Equity release

Estate

Exchange of Contracts

Final Pensionable Salary

Finance Act 2004

First Time Buyer (FTB)

Fixed Fee

Flexible Drawdown

Foreign Direct Investment (FDI)

Formal State Pension Forecast

Freehold

Free-Standing Additional Voluntary Contributions

GAD Rates

Gazumping

Gazundering

Gross Profit

Ground Rent

Guidance Guarantee

Hands-Off Investment

Hands-On Investment

Help to Buy

Her Majesty’s Revenue and Customs (HMRC)

Houses-of-Multiple-Occupation (HMO)

Hybrid Arrangement

Ill-Health Benefit

Income Drawdown

Income Tax

Income Tax Marginal Rate

Independent Financial Advisor (IFA)

Individual Savings Account (ISA)

Inflation

Inheritance Tax

Interest-Only Mortgage

Interest Rates

Joint Credit

Joint Liability

Key Money

Land and Buildings Transactions Tax (LBTT)

Landlord

Lease

Leasehold

Licensed Conveyancer

Lifetime Allowance

Listed Building

Loan to Value (LTV)

Management Company

Mature students

Mortality Cross Subsidy

Mortgage

Mortgage in Principal

National Insurance

Nest Egg

NET Profit

Non-Contributory Scheme

Normal Minimum Pension Age

Abeyance


A situation in which the rightful owner of a property, office or title has not yet been decided. Abeyance results when the current owner or holder does not declare a single current beneficiary. Instead, the new owner is determined through the outcome of a particular event at some time in the future. Thus, the ownership of the property, office, or title is left unfilled. Abeyance is derived from the Old French word “abeance.” which means a longing or gaping, with future expectation.