G

Gazumping
Where the seller has agreed an offer in principle on a property but then subsequently accepts a higher offer from another party.

Gazundering
Where the buyer has made an offer that has been accepted but then subsequently reduces the offer immediately prior to exchange of contracts.

Ground Rent
Fee paid annually by the leaseholder to the freeholder in order to occupy the land on which a property stands.

Guarantor
Person responsible for repaying a debt if the borrower defaults as required by some lenders.