Buy to Let Glossary: N, Negative Equity to Nuisance

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Financial Services > Mortgages > Buy to Let > Buy to Let Mortgage Glossary: N

Buy to Let Mortgage Glossary: N

Glossary of Terms
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Negative equity	Negative equity occurs when the balance of the mortgage exceeds the worth of the house securing the loan.
Negligence	Negligence in the buy to let sense refers to something that is committed carelessly or inadvertedly and results in a breach of contract. By law, negligence refers to a breach of care.
NHBC guarantee	This is an important guarantee, provided by the National House Building Council, that pledges that the builder of a house will repair any serious defects
Nuisance	Nuisance in the property sense means interference with right or enjoyment of land for other people. Private and public nuisance are the two separate types of nuisance, and both are potentially damaging. Both can constitute criminal offences.

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