Estate Agent Jargon Explained

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

Here are some explained … 

πŸ‘‰πŸΌ FTB = First time buyer 

πŸ‘‰πŸΌ BTL = Buy to Let 

πŸ‘‰πŸΌ OIRO = Offers in the region of 

πŸ‘‰πŸΌ OIEO = Offers in excess of 

πŸ‘‰πŸΌ Chain =  A sequence of linked transactions which all need to progress in order for any of the individual transactions to succeed

πŸ‘‰πŸΌ EPC = Energy Performance Certificate - A report which rates the energy efficiency of a property

πŸ‘‰πŸΌ DIP = Decision in Principle - A document from the bank confirming how much they would allow you to borrow

πŸ‘‰πŸΌ SSTC = Sold subject to contract - the seller has accepted an offer on their property and it is currently going through the conveyancing process

Can't find what you are looking for?

Our helpful team are on hand to answer any queries and concerns you may have.

Get in Touch

This website uses cookies. We use cookies to provide social media features and to analyse our traffic.
You consent to our cookies if you continue to use our website. Read our cookie policy. I understand