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NAEA (National Association of Estate Agents)

The NAEA is the is the UK's leading professional body for estate agency

National Association of Estate Agents

See NAEA

National Federation of Property Professionals

See NFOPP

National House Building Council

See NHBC

NCD (Newly Constructed Dwellings)

NCD is a new build dwelling where full SAP methodology applies rather than RdSAP

Negative Equity

The amount by which the market value of a property falls below the amount of the mortgage secured upon it. The situation in which a property is worth less than its mortgage.

Newel

Stout post supporting a staircase handrail at top and bottom. Also, the central pillar of a winding or spiral staircase.

Newly Constructed Dwellings

See NCD

FOPP (National Federation of Property Professionals)

The NFOPP is the group name for a number of membership organisations that currently comprise, NAEA, ARLA and a number of other smaller groups

NHBC (National House Building Council)

A non-profit making body whose role is to both protect the home buyer and help the industry to construct good quality new homes. NHBC inspectors carry out spot checks and regular examinations on all properties at varying stages of construction. The NHBC also provides a 10 year Buildmark warranty. As a non-profit distributing company, it reinvests all income in achieving its primary purpose; improving quality in house building to protect homeowners.

NHBC Foundation

Launched in 2006 in partnership with the BRE Trust. Its remit is to provide the necessary data and intelligence to develop long-term solutions to industry challenges which lie ahead and lead debate and thinking among industry experts. The NHBC Foundation facilitates research and development, and shares pragmatic and relevant guidance and good practice to the homebuilding industry. Much of the NHBC Foundation’s research is focused on the challenges of the Government’s 2016 zero carbon homes target.

NHBC Guarantee

A 10 year guarantee, provided by the National House Building Council, that the builder will put right serious defects affecting a newly-built property.

Noggings

Timber studs that are used as strengtheners.

Non-load bearing

A structure that has no weight on top of it.

Nosing

Wooden stiffeners that are inserted between joists.