Failed valuation survey: Sometimes,following a survey,the valuation report may indicate that the property is not worth the sum that is sought.At this point,the mortgage lender may turn down an application by the purchaser..

Fixed Rate Mortgage: An interest rate is set for a brief period of time on a mortgage with a fixed rate..

Fixtures and fittings: Items that are included in the purchase of a property but do not form part of the structure..

Flexible Mortgage: A mortgage where the lender will permit increased or decreased payments during a specified term..

Freehold: The description of ownership for a property meaning that it belongs to the owner without limitation of time..

Flying Freehold: Where part of a freehold property is over (or under)another freehold property..