Glossary · UK
Non-Resident SDLT Surcharge
An additional rate of SDLT that can apply to certain residential property purchases in England and Northern Ireland by buyers who are non-UK resident for SDLT purposes.
Around this term
Related terms.
Principal Private Residence
A property that qualifies as an individual's main or primary home for the purposes of relevant UK tax rules, subject to the applicable conditions.
Property Chain
A sequence of linked property transactions where the completion of one purchase depends on the sale or purchase of another property.
Energy Performance Certificate (EPC)
A certificate showing the energy efficiency of a property, rated from A to G. An EPC is generally required when a property is marketed for sale or rent in England and Wales.
Escrow
A regulated account holding a buyer’s off-plan payments, releasing funds to the developer only against verified construction milestones.
Loan-to-Value (LTV)
The percentage of a property's value that is financed through a mortgage or other secured borrowing. For example, a 70% LTV mortgage finances 70% of the property's value.
New-Build Property
A property that has been newly constructed and has not previously been occupied or, depending on the context, has recently been completed by a developer.
Ready when you are
Need this term applied to a real deal?
A senior advisor will walk you through how it shows up in your engagement letter or contract.
- No obligation, ever
- A personal reply within one working day
- One named senior partner throughout
Private and discreet. Your details are never sold, shared or added to a marketing list.