Below Market Value

The purchase price agreed below the market value or the property usually expressed as a percentage 20% 25% or 35% Below Market Value. The Value could be vendor estate agent or RICS surveyor valuation however the true BMV will be off the RICS valuation only. Synonym =...

Benefit Overpayment

Is a deduction from existing housing benefit payments and used to recover payment from tenants. Such recoveries can impact upon rental income creating a shortfall if such benefits are paid direct to...