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A guide to property acronyms

February 22nd 2016
By: Natasha

If you are looking at investing in a property or just trying to read through some of the information regarding property investment in the UK you might be a bit confused by all of the abbreviations, so we have created a property acronym list to make property acronyms easier to decipher:

Estate agent and investment acronyms:

OIEO – offers in excess of, where as OIRO – means the seller would like something higher but are prepared to take something lower. 

BMV - Below Market Value

BOE - Bank Of England

BTL - Buy To Let

BTS - Buy To Sell

CGT - Capital Gains Tax

CH - Central Heating

CML - Council of Mortgage Lenders

DG - Double Glazing

EOT - End Of Terrace

EPC - Energy Performance Certificate

ERV - Estimated Rental Value

ETP - End Terrace Property

Help to buy: Government-funded equity loan aimed to help first-time buyers on to the property ladder FMV - Full Market Value

HMO: House of Multiple Occupation

LL - Landlord

LTV - Loan To Value

SSTC - Sold Subject To Contract

STC - Subject To Contract

STR - Sell To Rent

STR - Short Term Rental

TDS - Tenancy Deposit Scheme

TPO - The Property Ombudsman

VAT - Value Added Tax

The National Federation for property professionals:

NAEA: National Association of Estate Agents www.naea.co.uk
NAVA: National Association of Valuers and Auctioneers www.nava.org.uk

ARLA - Association of Residential Letting Agents

RICS - Royal Institute of Chartered Surveyors

RIBA - Royal Institute of British Architects

NHBC - National House-Building Council