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Glossary Of Terms
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Gearing
The use of rental income to cover the cost of mortgage repayments when buying a property.
Gifted deposit
When part of the balance, usually up to five per cent, is paid by the company or individual selling the property.
Green belt
An area of undeveloped or agricultural land surrounding an urban area.
Gross profit (re. return on investment)
The current market value minus the price paid for a property.