If you are new to the property market you may soon find yourself confronted with a myriad of abbreviations and acronyms. This can be somewhat daunting to say the least!
So we’ve compiled a list of the most commonly used abbreviations and acronyms you’ll find in used in the UK property sector.

A

AIP – Application in Principle
APR – Annual Percentage Rate
AS – Assisted Sale
AST – Assured Short Hold Tenancy
ARLA – Association of Residential Letting Agents
AT – Assured Tenancy (Agreement)

B

BMV – Below Market Value
BMRV – Below Mortgage Redemption Value
BOE – Bank Of England
BRMV – Broad Rental Market Area
BTL – Buy To Let
BTS – Buy To Sell

C

CML – Council Mortgage Lenders
COCR – Cash On Cash Return
CPO – Compulsory Purchase Order
CRM – Capital Repayment Mortgage

D

DD – Due Diligence
DIP – Decision in Principle
DTV – Direct To Vendor

E

EA – Estate Agent
EDC – Exchange with a Delayed Completion
EPC – Energy Performance Certificate
ERC – Early Repayment Charges

F

FENSA – Fenestration Self Assessment Scheme
FH – Freehold
FLEEA – Fire, Lightning, Earthquake, Explosion, Aircraft
FMV – Fair Market Value
FR – Fixed Rate
FTB – First Time Buyer
FURN – Furnished

G

GCH – Gas Central Heating
GDN – Garden
GDV – Gross Development Value
GF – Ground Floor
GFCH – Gas Fired Central Heating
GP – Gross Profit
GR – Gross Return

H

HHSRS – Housing Health and Safety Rating System
HMO – House of Multiple Occupancy
HPI – House Price Index

I

IFA – Independent Financial Advisor
IHT – Inheritance Tax
IO – Interest only
IRR – Internal Rate Retention, Internal Rate Of Return

J

JV – Joint Venture
JVP – Joint Venture Partner

L

LH – Leasehold
LHA – Local Housing Allowance
LIBOR – London Interbank Offered Rate
LL – Landlord
LO – Lease Option
LTB / L2B – Lease to Buy
LTL / L2L – Lease to Let

M

MV – Market Value

N

NAEA – National Association of Estate Agents
NALS – National Association of Letting Agents
NHBC – National House Building Council Scheme
NLA – National Landlords Association
NP – Net Profit
NR – Net Return

O

OCH – Oil Central Heating
OIEO – Offers In Excess Of
OIRO – Offers In the Region Of
OMV – Open Market Value
OO – Owner Occupier
OTO – Open To Offers

P

PA – Per Annum
PCM – Per Calendar Month
POA – Price On Application
PP – Planning Permission
PP – Purchase Price

R

R2R – Rent To Rent
RICS – Royal Institute of Chartered Surveyors
ROCE – Return on Capital Employed
ROE – Return On Equity
ROI – Return On Investment
ROR – Rate of Return
RPI – Retail Price Index

S

SARB / SRB – Sale and Rent Back
SDLT – Stamp Duty Land Tax
SO – Standing Order
SSTC – Sold Subject To Contract
SV – Surveyor Valuation
SVR – Standard Variable Rate

T

TB – Tenant Buyer

U

UF – Unfurnished

V

VP – Vacant Possession

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