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The Jargon Buster

 

 
   
 

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Gazumping

When a seller pulls out of a sale after accepting a higher offer.

Gazundering

A tactic whereby the buyer offers less than the agreed price just before exchange of contracts.

Ground Rent

The annual fee which a leaseholder pays to a freeholder.

Guarantor

A guarantor is someone who guarantees to pay your mortgage if you can't or won't for any reason.

 

 

 

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