Tender

No asking price stated but offers are invited in writing. There will be a set time and date for the offers to be opened and it will usually be in the presence of the vendor’s solicitor. It is important that the potential buyers have done there due diligence...

Term

The time period that you and the lender have agreed the loan will cover. At the end of that period the loan agreement will terminate. The loan will either need to have been repaid in full over the term or any loan outstanding will need to be repaid in full at this...