A |B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Z

O

OCDEA (On Construction Domestic Energy Assessor)

An OCDEA is a trained and qualified individual who can undertake building regulation calculations and produce EPCs for newly constructed dwellings

Offer of advance

The formal offer of a mortgage from a lender.

Office Copy Entries

An official copy of the registered title provided to the buyers' solicitors, at the cost of the Seller.

Offset bend

Part of a pipe that is angled to alter the position of a downpipe.

Offset Mortgage

See Current Account Mortgage (Offset Mortgage)

On Construction Domestic Energy Assessor

See OCDEA

Operational Rating

See OR

OR (Operational Rating)

OR is the methodology to produce an energy calculation for Display Energy Certificates (DECs)

Oriented Strand Board

See OSB

Ornate escutcheon

Cover to be placed on a keyhole for decorative purposes.

OSB (Oriented Strand Board)

Oriented strand board, also known as OSB, waferboard, Sterling board or Exterior board (UK) and SmartPly (UK & Ireland), is an engineered wood product formed by layering strands (flakes) of wood in specific orientations. In appearance, it may have a rough and variegated surface with the individual strips (around 2.5 by 15 cm (approx. 1 in by 6 in) each) lying unevenly across each other

Overdraft

When the amount of money withdrawn from a bank account is greater than the amount actually available in the account the excess is known as an 'overdraft' and the account is said to be 'overdrawn'. If agreed in advance by the bank this is essentially a form of loan facility. If not agreed in advance by the bank penal charges may be incurred.

Overpayments

You pay more than your normal monthly payment to pay off your mortgage earlier.

Oversite

The concrete below timber ground floors - the level of the oversite should be above the external ground level.