Glossary · GB
Beneficial Ownership
The real individual who ultimately owns or controls a property or the entity holding it, as opposed to the legal owner named on the title — central to anti-money-laundering checks.
Belgrave in London
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Around this term
Related terms.
Property Due Diligence
The process of investigating a property, transaction, ownership, legal status, financial obligations, physical condition and other relevant risks before proceeding with a purchase or investment.
Special Purpose Vehicle (SPV)
A company created solely to hold a single property or portfolio, used to ring-fence liability, simplify sale by share transfer, and structure ownership and tax.
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.
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'.
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.
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