Glossary

Land Registration - The process of registering the title to an area of land with the Land Registry. This process is usually conducted by a solicitor.

Landlord - A person who owns a property and leases it to a tenant.

Leasehold - A legal scenario in which a property owner does not own the land upon which their property is located.

Lender - An individual or other entity that has loaned money to another party (the borrower).

LIBOR - See London Inter Bank Offered Rate

Loan to Value Ratio - The percentage of the value of the property that the Mortgage is secured on.

London Inter Bank Offered Rate - The rate of interest that financial institutions offer to lend money to other financial institutions.

LTV - See Loan to Value Ratio