Jargon Buster

  • Abstract of Title

    This is a summary of all legal documents which relate to a...

  • Caveat Emptor

    This essentially means "buyer beware" - a principle which still stands in property...

  • Certificate of Title

    This is a document which certifies the legal ownership of...

  • Commons Registration Search

    A search at the local authority to check that the property is not registered as common...

  • Completion

    When the buyer of a property becomes the new owner of the...

  • Contract

    This document will be signed by the person selling and the person buying the property and will be sent to their...

  • Conveyance

    The legal work which needs to be undertaken when buying or selling a...

  • Deeds

    The ownership document relating to a property is known as a "Title...

  • Environmental Search

    A search which is carried out on the property to check whether there is any record suggesting that the property may be affected by...

  • Exchange of Contracts

    When the buyer and seller formally exchange the contract and become legally bound to complete and move out on an agreed...

  • Expedtion Fee

    A fee which can be paid to the Land Registration to speed up registration of a...

  • Home Information Pack (HIP)

    This is a document containing various details about a property which is to be...

  • Land Charges Search

    A search at the Land Charges Registry to determine whether the property is registered and to find out if any mortgages or interests are listed against the...

  • Local Authority Search

    An enquiry carried out to determine if there are any potential circumstances that could affect...

  • Mining Search

    A search undertaken to check whether a property has been affected by any coal mining...

  • Mortgagee

    The person to whom the mortgage is...

  • Mortgagor

    The person who makes the...

  • Registration

    System by which the ownership of estates in land is recorded and...

  • Stamp Duty

    A charge applicable to a conveyance, transfer or a lease of land where the instrument was executed prior to 1 December...

  • Vacant Posession

    The contract term that state of a property will have been vacated upon completion of the...
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