T is for...

Term
The period for which your mortgage is fixed.

V is for...

Valuation or survey fee
This is the charge made by a valuer for placing a value on a property which you wish to buy, or the fee levied by a surveyor to inspect a property on your behalf.

Although a simple 'drive by' valuation may be free as part of a mortgage package, expect to pay £200+ for a basic survey, £400+ for a more detailed homebuyer's report, or £800+ for a full structural survey.