Glossary

Semi-detached

A single family dwelling house built as one of a pair that share one common wall. Often, each house's layout is a mirror image of the other.

Often abbreviated to semi or semi-D.

Sold Subject to Contract

When both the seller and the buyer have agreed a sale but the legal paperwork isn’t complete.

Special Assessment

An assessment made against a property to pay for a general improvement by which the assessed property is supposed to be especially benefited.

Special Forbearance

A loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or suspension of monthly loan payments.

Specific Performance

A legal action brought in a court of equity in special cases to compel a defendant to carry out the terms of an agreement or contract.

Sponsor

The developer or owner organizing and offering for sale a condominium development.

Stamp Duty

This is a government tax on the sale of a residential property. You will pay this at completion. The amount varies dependent on the purchase price and increases in bands.

Standard Variable Rate (SVR)

The standard interest rate set by the lender that in most instances tracks the Bank of Ghana base rate or Treasury bill rate.

Subletting

A leasing by a tenant to another for part of the lessee's remaining term.

Surveyors Certificate

A property diagram that indicates legal boundaries, easements, encroachments, rights of way, improvement locations, etc.

Direct Mortgages Available For Both

Ghana Resident & Non-Ghana Resident Buyers.


With Us Via DCANS Mortgage Ghana.
www.dcansmortgage.com

UK Mortgage Rates In Ghana

For Non-Ghana Resident Buyers.


With Us Via DCANS Mortgage UK.
www.dcansmortgage.co.uk