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Hire Purchase

This term is used to describe purchase brought on credit like cars, electrical items, furniture etc. Usually it is items brought on HP. A credit check will check to see if you have ever had or still have any Hire purchases and the payment history of them.

Homebuyers Report

This may also be called a homebuyers survey. The report is a surveyor's assessment of the state of repair and condition of the property. It covers all areas of the property that are readily accessible. The report summarises the findings and make recommendations for investigation or proposals for work required.

Household Insurance

A term used to describe both buildings and contents insurance. Buildings insurance is likely to be a requirement of any mortgage lender.