Vacant Possession.
The previous occupants must vacate the property before you move in. This would include any tenants.

Valuation.
A check of the property in order to determine its value. Lenders will carry out valuations on properties to assess whether they are suitable for a mortgage.

Variable rate.
The interest rate that the lender charges that fluctuates with the market. A variable rate can rise or fall depending on market conditions.

Vendor.
The person selling land or property.

Verge.
The edge of a roof at the gable.