Break Clause/Release Clause

Clause within a contract that allows the exit of that contract normally with stipulations. These are sometimes used in conjunction with fixed term tenancies and will normally allow either party to get out (normally with about 2 months notice) before the end of the new...

Bridging Loan

This is a temporary short term loan that enables you to buy a property and bridges the gap between the purchase of one property and sale of another. It should not replace a normal mortgage as the fees and interest are...