GLOSSARY - G
Gazundering |
The practice of making a lower offer by withdrawing a price already offered. |
Geographical Restrictions |
The areas where mortgage lenders do not want to operate, because of their lower awareness of the area.
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Ground rent |
Money paid by a leaseholder to the proprietor in respect of a leasehold property. |
Guarantor
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A third party who is liable to cover any shortfall on the debt of the borrower. |
Gazumping |
This is used when a seller initially accepts an offer on a house from a prospective buyer, but then accepts a better offer from other purchaser. |