Glossary for Moving Terms
Written by zanet copyright © 2006
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U
UNADOPTED ROAD
A road which has not been accepted by a Local Authority possibly as a result of it not meeting the standards laid down (e.g. road surfaces, drainage, etc.).This indicates the possibility of a road charge liability if and when the road is adopted.
UNDER OFFER
When the vendor has acceptanced an offer for his home but contracts have not yet been exchanged. Either party may still withdraw from the transaction.
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V
VACANT POSSESSION
The previous occupants must vacate the property before you move in, including any tenants.
VENDOR
The owner of the property to be sold.
WRIT OR SUMMONS
Mode of commencing legal proceedings.
W
X
Y
Z
Costing a buying to let
The backbone of success as a propert developer has to be the calculation of profit. So many decide that profit is only adding up the costs of what you want to include and not what you actually spend. Costs include interest on bank loans and mortgages. Costs also include the stamp duty and legal fees.
To make life easier we have a buying to let profit calculator for you here
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