Land Property Terms with "N"

Glossary of Land Property - Glossario Immobiliare

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Negative Equity: this occurs when the amount owed on a mortgage is greater than the value of the property that has been mortgaged.

NHBC Scheme (National House-Building Council): this is a specific type of building guarantee that may be available on newly built homes. It guarantees that defects occurring within a specified time after construction are resolved.