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.


All

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

Deposit

Disposable Income

Diversification

Drawdown

Early Retirement

Equity

Equity release

Estate

Exchange of Contracts

Final Pensionable Salary

Finance Act 2004

First Time Buyer (FTB)

Fittings

Fixed Fee

Fixtures

Flexible Drawdown

Foreign Direct Investment (FDI)

Formal State Pension Forecast

Freehold

Free-Standing Additional Voluntary Contributions

GAD Rates

Gazumping

Gazundering

Gross Profit

Gross Yield

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

Investment Property

Investor

Joint Credit

Joint Liability

Key Money

Land and Buildings Transactions Tax (LBTT)

Landlord

Landlord Protection Insurance

Lease

Leasehold

Legal Costs

Letting Agent

Licensed Conveyancer

Lifetime Allowance

Listed Building

Loan to Value (LTV)

Management Company

Automatic Enrolment


Employers now have the duty to enrol their workforce automatically into a workplace pension scheme—whilst they must deduct at least 1% of the earnings of their employees to contribute to their personal pension schemes, employers must also contribute a fixed rate themselves. Although this process is automatic for anyone over the age of 22 earning more than £10,000 per year, once enrolled employees can manually opt out of their workplace pension scheme should they choose.

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