Mortgage glossary - G

A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z

Mortgage terms defined on this page:

• Gazumping
• Ground rent

Gazumping

This describes a situation where the property seller accepts a purchase offer after having already accepted a lower offer from somebody else.
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Ground rent

This is the money paid to the landlord by a leaseholder in respect of a leasehold property.
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THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.