An Energy Performance Certificate (EPC) is a guide that potential buyers or tenants would review when they look at a property. Its main purpose is to shows how efficiently a home uses energy and an estimate of the cost of running a home. Sometimes they can include recommendations on how to improve the energy efficiency of the property.
This ‘Glossary of Terms’ – those commonly used in the realm of property auctions, is monitored and updated regularly to remain a current reference point.
If there are any terms that you have come across which we have not included here and you are unclear about, please do get in touch and we will be happy to provide you with a clear explanation and add the new term to our list.
For more information on buying or selling at a property auction, have a read of our guide to buying at auction.