Welcome to our Mortgage Glossary. Here you will find definitions for more commonly used mortgage terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.
New Build Property
A new build can be defined as a property that has been newly constructed in the last 6 months.
NHBC stands for National House Building Council. The NHBC guarantee is a 10-year construction warranty and insurance to guarantee the quality of work on new-build properties.