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UK House Buyers Glossary - N

This page of our online a to z glossary is for UK house buyers terms beginning with the letter 'N'.

• NAEA - the National Association of Estate Agents.
• Negative equity - this is where the current value of your house is less than the amount you borrowed to buy it. Negative equity is a common problem when house prices are going down.
• Newel - the post at the top or bottom of a staircase, which supports the handrail.
• Newel Cap - the ornamental piece of wood on top of the newel post.
• NHBC - the National House Building Council.
• Non-bearing Wall - a wall which carries only its own weight (it does not support the structure of the building). If required a non-bearing wall can removed without causing structural problems.