Mandatory Grounds For Possession

Grounds that may be cited in possession proceedings which provided the correct procedures have been followed and notices given require the court to grant possession. In brief the mandatory grounds cover situations where: the landlord requires the property for personal...

Market Value

The value assigned to a property/land as driven by local national and global economic forces. This is the maximum value a buyer is deemed willing to buy at and the lowest value a selling willing to sell.

Monetary Policy Committee

Bank of England committee that sets UK base interest rates or Repo rate and a benchmark for other interest rates such as personal loan mortgage interest rates. The MPC meets monthly and comprises the Governor of the Bank the two deputy governors the Bank’s chief...

Mortgage

A loan used to purchase property. In reality it is a Deed pledging freehold or leasehold property as security for the loan (also called legal charge). If payments are not maintain as agreed the mortgagor will be able to claim the property and sell it on to recover the...

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