Glossary · GB
Nominee Structure
An arrangement where a property is held by a nominee on behalf of the true beneficial owner, often for privacy; it must still be disclosed under beneficial-ownership rules.
Belgrave in London
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Around this term
Related terms.
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.
Power of Attorney (POA)
A legal authority allowing one person to act on behalf of another in specified matters, including certain property transactions where permitted.
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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