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Glossary

Vacant Possession

This is when a property is sold and at time of completion is empty and clear of occupiers or their possessions.

Valuation

This is the process an Estate Agent will go through to determine the value of a property. It can sometimes also be what a Mortgage Valuation may be referred to as.

Village Envelope

Boundaries defined on a map beyond which the local planning authority proposes that a village should not be allowed to extend.

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