Tuesday, 14. July 2020

PROPERTY
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D

Deeds
Legal title documents that prove ownership of a property. Often these deets will be held by the mortgage lender if a mortgage is lodged against the property.


Deposit
On exchange of contracts a sum of money is paid by the buyer to the solicitors which is usually between 5% and 10% of the overall property value.
Detached
A term used to describe a propert that stands alone and is seperated from all other properties.
Development
Either a newly built residence or a refurbished and modernised older property.
Dilapidations
Any damage or disrepair to a property.
Disbursements
These are fees that are paid by the buyer's solicitor on the buyer's behalf such as land registry, stamp duty and search fees.
Draft Contract
An unconfirmed and preliminary version of the contract.
 

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