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ENGROSSMENT

The final form of an agreement, usually bound and to be used as the signature...

EASEMENT

A right benefitting a piece of land that is enjoyed over land used by someone else. It is usually a right allowing the owner of one piece of land to do something on the other person’s land for example: use a path or run services over or under...

Estate Agent

Think Estate Agncy is money for old rope?  This article may just surprise you as it shows the enormous amount of work the average agent must do to achieve a sale

Easement

Easements are legal rights which one property enjoys over another. Common examples are rights of way, rights of drainage, and rights of light.

Engrossment Fee

An Engrossment Fee may be charged when a buyer is purchasing a property that has just been built or converted.  This is because the documents and planning information on new developments are generally more detailed. As a result, the solicitor will issue a charge for providing these documents,...

Excess

In the mortgage industry, 'excess' refers to the amount of money homeowners need to pay before their contents or building insurance plan can cover any claims they may make in the future. An example of this could be when a property is damaged by flooding. The owner may be liable to pay an excess fee...

Encroachment

In the conveyancing process, encroachment refers to a situation where a boundary has gradually encroached to a neighbouring property or an area of land that is excluded from the property’s legal boundaries.  If a buyer or a seller suspects that this has occurred, they should notify their...

Environmental Search

This part of the pre-contract search should disclose any evidence that proves the land area was used for industrial purposes in the past. Even if a buyer does not necessarily request such an inspection, the mortgage lenders will insist that one is carried out for the conveyancing process. If...

Equity Release

Equity release enables you to raise money from your property. Two main types of equity release scheme exist: Lifetime mortgage, or taking out a loan with your home as security, or Home reversion, selling outright all or part of your homes' ownership. Both forms may pay out either a lump sum,...

Exempt Gifts

These are gifts that are exempt from Inheritance Tax and include the following: Gifts to individuals made more than seven years before death Gifts to spouses or civil partners Gifts that do not exceed £3, 000 in one tax year Gifts that are made on consideration of marriage or civil...