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BREAK CLAUSE

A clause giving a party to an agreement the option to determine the agreement before its...

Bulging Wall

A Bulging Wall, a swelling that leads to a distortion on a flat surface, can often occur when a foundation begins to rotate. For example, a minor tilt can cause a bulge to form when an area of a wall leans out but the rest of it remains intact. These movements are fairly typical in older walls of...

Breach of Contract

If the buyer or seller fails to abide by the conditions or terms of the contract they are said to be in breach of contract. E. g. , if they fail to complete on the stipulated date. Where this happens the aggrieved party may sue for breach of contract and claim damages. If the buyer fails to...

BSA

The Building Societies Association (BSA) is the trade association for 54 the UK's building societies. The 54 include : Barnsley Building Society, a trading name of Yorkshire Building SocietyPermanent Building, Regent Street, Barnsley, South Yorkshire, S70 2EH Tel 01226 733 999   Fax...

Brownfield Land and Sites

Previously developed land or property which was or is currently occupied by a permanent structure, including the curtilage of the developed land and any associated fixed surface infrastructure....

Boundaries

Boundaries define the extent of the property and are usually marked out on the ground by fencing or hedging.   Boundaries are also often although not always shown on the Title Plan. Please note that although Land Registry documents may sometimes contain precise measurements and/or dimensions...

Building Society

Building Societies were the original national savings institution and for hundreds of years the major source of residential mortgages. Now building society mortgages represent a small proportion of the market. The Building Societies Act in 1986 changed  the operation and structure of building...

Beneficial joint tenants

If you own your property as a beneficial joint tenant, this means that it belongs to you and the other owner(s) jointly. You can't re-mortgage or sell the property without the agreement of all the other owner(s). However if there is a dispute, an owner can apply for a court order. As a beneficial...

Building Regulations Approval

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

Bridging Loan

A Bridging Loan is used during conveyancing 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...