A sum of money that a potential buyer or tenant offers to pay to buy or rent a property.
Offer of a loan
A formal document approving the mortgage that any given buyer has applied for and detailis of the Terms and Conditions that will apply.
Office copy entry
An official document from the land registry confirming ownership of and borrowings against a property.
Open market value
The price a property should achieve where there is a willing buyer and willing seller.