A document used where one person agrees to be responsible for someone else’s debt or mortgage obligations, if that person fails to carry out their own obligations.
Documents signed and usually witnessed, encompassing the terms of an agreement. These documents act as evidence that the person selling the property actually owns it.
The seller of a property must state the guarantee they are prepared to give. This is the normal guarantee given by a property owner.
A right granted over another’s property, e.g. a right of way which allows certain persons the right to walk or drive across a piece of land.
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 is insurance to cover your property for the sum recommended by your surveyor/valuer. Cover usually commences from the moment you exchange contracts. To discuss buildings insurance for your property, contact Fridaysmove on 0330 660 0286, or request a callback from our specialist team.
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 loan' as it bridges the […]