🏡 Let’s face it, sometimes us Estate Agents will use some jargon or abbreviations that aren’t always obvious! 

Here are some explained … 

👉🏼 FTB = First time buyer 

👉🏼 BTL = Buy to Let 

👉🏼 OIRO = Offers in the region of 

👉🏼 OIEO = Offers in excess of 

👉🏼 Chain =  A sequence of linked transactions which all need to progress in order for any of the individual transactions to succeed

👉🏼 EPC = Energy Performance Certificate - A report which rates the energy efficiency of a property

👉🏼 DIP = Decision in Principle - A document from the bank confirming how much they would allow you to borrow

👉🏼 SSTC = Sold subject to contract - the seller has accepted an offer on their property and it is currently going through the conveyancing process