All Glossary Terms

Conveyancing

Conveyancing is the name given to the house moving process where the ownership of a property is ‘conveyed’ from one to another. The conveyancing process can be complicated and there are many checks that the conveyer has to make to ensure that the sale is legal and binding. Because of...

Bridging Loan

A Bridging Loan is used if the sale of one property and the purchase of another cannot be concluded simultaneously; for example, the purchase of the second property has to be concluded before the sale of the first, then additional financing may be necessary. This is a 'bridging loan' as it bridges t...

Buildings Insurance

Buildings Insurance is insurance to cover your property for the sum recommended by your surveyor/valuer. Cover usually commences from the moment you exchange contracts....

Bankruptcy Search

A Bankruptcy Search is a search made on behalf of a lender to ensure that a prospective borrower is not or has not in the past been made bankrupt or has writs or orders made against him....

Buildings Insurance

Buildings Insurance is insurance to cover your property for the sum recommended by your surveyor/valuer. Cover usually commences from the moment you exchange contracts....

Building Regulations Approval

There is two fold process of obtaining Building Regulations. First, plans should be

Building Regulations Approval

There is two fold process of obtaining Building Regulations. First, plans should be

Chain

Where a Seller is also buying another property there is a chain of related transactions, all reliant upon each other. Any chain is only as strong as its weakest link.

Charge Certificate

An official certificate issued by the Land Registry, which displays mortgages and other interests over the property.

Completion date

The date when the buyer becomes the new owner of the seller's house and the day the seller must have left the property. The seller and buyer should discuss dates between themselves and then notify the

 

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