Glossary
First Time Buyer
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An individual who has never owned an interest in a residential property in the UK or anywhere else in the world.
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Someone who intends to occupy the property as their main residence.
Re-mortgage
Re-mortgaging is the process of moving your mortgage on your existing property from one lender to another. It is also known as refinancing. This financial move enables homeowners to adjust their mortgage to better suit their current circumstances and financial goals. By re-mortgaging, you can choose a different deal than the one you signed up to when you first bought your home.
Buy-To-Let
Solicitor
A solicitor is a qualified lawyer who provides legal advice, assistance and representation to clients. The role of a solicitor is to take instructions from clients, including individuals, groups, public sector organisations or private companies, and advise them on necessary courses of legal action. Solicitors generally provide day-to-day legal advice on a range of issues. They have the necessary education, training and professional qualifications to practise law in the legal system and their work is regulated by the Solicitors Regulation Authority.
