Glossary · GB
Adverse Possession
The legal process by which someone who has openly occupied land they do not own for a qualifying period may apply to become its registered owner. Colloquially 'squatter's rights'.
Belgrave in London
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Around this term
Related terms.
HM Land Registry
The government body responsible for maintaining the register of land and property ownership in England and Wales.
Title Deeds
Legal documents and records evidencing ownership or interests in a property. In England and Wales, registered ownership is primarily evidenced through HM Land Registry records.
Additional Property Surcharge
An additional SDLT charge that can apply when an individual purchases an additional residential property, subject to the applicable rules and exemptions.
Amortisation
The gradual repayment of a loan's capital over its term through scheduled instalments, steadily reducing the outstanding balance.
Asking Price
The price at which a property is initially offered for sale by the seller. The final transaction price may be higher or lower.
Assured Shorthold Tenancy (AST)
The most common form of residential tenancy in England and Wales, giving the landlord a right to possession after a fixed term subject to proper notice.
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