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UK House Buyers Glossary - V
This page of our online a to z glossary is for UK house buyers terms beginning with the letter 'V'.
- Variable rate mortgage - a type of mortgage in which monthly payments are made at the mortgage lender's standard variable rate.
- Viewing - when a property on sale is shown to a potential buyer.
- Valuation - the price put on the property by an estate agent when it is being put up for sale. Also the price put on the property by the building society when deciding if it is sufficient security for the amount of money they have been asked to lend.
- Vendor - the person who is selling their house.
