06/01/2024
Here are some of the most frequent "property"acronyms.
Hope it helps, feel free to add more to this list. Please Like/Share/Follow..!
BTL - Buy to let
HMO - House in multiple occupancy
PLO - Purchase lease option
R2R - Right to rent
LTV - Loan to value
EDC - Exchange with delayed completion
SDLT- Stamp duty land tax
CGT- Capital gains tax
ERC - Early redemption clause
PG - Personal guarantee
PD - Permitted development
AST- Assured short hold tenancy
PRA - Prudential regulation authority
FCA - Financial conduct authority
SA - Serviced accommodation
R2SA - Rent to serviced accommodation
CLUD - Certificate of lawful use -(or) -development
AIP- Application in principal
AS - Assisted Sale
BOE - Bank of England
DIP - Decision in principal
EA - Estate Agent
GDV - Gross development value
FRI - Full repairing - insuring
CMP - Client money protection
DRA - De regulation Act
ROI - Return on investment
PM - Project manager
LIBOR - London interbank offered rate
ERV - Estimated rental value
APR - Annual percentage rate
HOT - Heads of terms
MOS - Memorandum of sale
FOI - Freedom of information
DPS - Deposit protection
ICO - Information commissioners office
EPC - Energy performance certificate
DRA - Deregulation Act
A/L - Additional Licensing
SLA - Service level agreement
S/L - Selective licensing
HHSRS - Housing health safety rating system
DTV - Direct to vendor
LHA - Local housing authority
VOA Valuations office agency
NMD - No money down
B2R - Buy to rent
OPM - Other peoples money
D2V - Direct To vendor
M*F - Method of Finance
LOA - Lease Option Agreement
DWP - Department of Working Pensions
BC - Benefit Cap
HB - Housing Benefit
DPOR - Direct Payment of Rent
GDV - Gross Development Value
SOW - Schedule of Works or builders specifications.
JCT - Joint Contracts Tribunal
Formed in 1931 by the Royal Institute of British Architects (RIBA).
CPS - Competent Persons Schemes
(LNDC) Landlords National Discount Company
CCJ - County Court Judgements
KPI - Key Performance Indicators
PRI - Postural Restoration Institute
BRRR stands for Buy, Refurbish, Refinance, Rent.