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UK House Buyers Glossary - W

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

• With profits policy - a type of policy often used with an endowment mortgage in which the bonuses from a life insurance policy are added to the original sum assured and paid when the policy matures.
• Weather-boarding - horizontal, overlapping planks of timber, fixed to an internal framework to form the outside wall of a building.
• Wet Rot - decay in timber due to water saturation and poor ventilation.