Gazumping: This term is often misunderstood.This only occurs when a seller accepts a higher offer from a third party on a property that exceeds the initial asking price.This can only occur when a sale has been agreed prior to legal exchange of contracts..

Gazundering: This is when a buyer decides to make the seller a lower offer just before contracts are due to be exchanged..

Ground Rent: An annual charge that is made by the freeholder to the lease holder payable every year..

Guarantor: A third party who undertakes to ensure mortgage payments are maintained,who will also promise to pay the borrowers debt if the borrower defaults..