Property investment glossary

Regions

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Different parts of the United Kingdom, split into distinct geographic regions. The UK regions are:

• North East—encompassing areas like Newcastle and Sunderland
  
• North West—encompassing areas like Manchester and Liverpool
  
• Yorkshire & The Humber—encompassing areas like Leeds
  
• East Midlands—encompassing areas like Nottingham
  
• West Midlands—encompassing areas like Birmingham
  
• East of England—encompassing areas like Cambridge
  
• London—encompassing areas in Greater and Central London
  
• South East—encompassing areas Brighton and Southampton
  
• South West—encompassing areas like Somerset and Bristol
  

Remortgaging

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Re-mortgaging describes the act of paying back one mortgage with the proceeds of another mortgage loan using the same property as security.

Rental Demand

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The growing popularity of an area, dictated by the amount of tenants looking for rental accommodation.

Rental Guarantor

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A person willing to pay the rent for a tenant should they fall into arrears, so that a landlord is always guaranteed rental income.

Rental Income

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The amount of rent received by the landlord (normally paid in monthly instalments) throughout the duration of a tenancy

‘Rentysomethings’

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The colloquial phrase depicting the younger generation in their 20s who cannot afford to buy so instead rent their home.

Repayment Mortgage

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A style of buy-to-let mortgage where you pay a fixed sum every month until the loan matures, after which time you will have to pay the entirety of mortgage value.

Residential Property

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Residential properties are properties containing a single or multifamily structure, which are available for occupation for non-business purposes only.

Risk Mitigation

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The steps taken to reduce the potentially-adverse effects of financial loss incurred by poor-performing investment assets.

Russell Group

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A prestigious group of 24 research-intensive UK universities. Between them they produce more than two-thirds of the world-leading research produced in UK universities, support over 300,000 jobs across the country and have a total economic output of more than £32 billion every year. The 24 universities in the group include:

• University of Birmingham
• University of Bristol
• University of Cambridge
• Cardiff University
• Durham University
• University of Edinburgh
• University of Exeter
• University of Glasgow
• Imperial College London
• King’s College London
• University of Leeds
• University of Liverpool
• London School of Economics and Political Science
• University of Manchester
• Newcastle University
• University of Nottingham
• University of Oxford
• Queen Mary University of London
• Queen’s University Belfast
• University of Sheffield
• University of Southampton
• University College London
• University of Warwick
• University of York