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

Individual Savings Account (ISA)


Individual saving accounts (ISAs) are a scheme which enables individuals to hold cash, shares and unit trusts, without being subject to tax on the likes of dividends, interest and capital gains. Up until now many preferred ISAs to traditional pension schemes, as passing on assets after death to dependants, spouses or civil partners was more effective, as it typically isn’t subject to Inheritance Tax. ISAs have commonly been used as tax wrappers.

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