These are legal title documents that transfer the ownership of property from one party to another. The deeds will be held by the mortgage lender.

 

This is a proportion of the total cost of a property (very often 10%), which is paid out by the buyer (rather than included in the mortgage agreement) upon exchange of contracts.

 

This term describes a property that stands alone from other properties, having no adjoining walls.

 

This term describes a newly built residence (or group of the same) or an older property that has been refurbished and modernised.

 

This term describes any disrepair or damage to a property; it is usually used in relation to a rented property.

 

These are the fees paid by the buyer's solicitor on behalf of their client and include items such as stamp duty, land registry and search fees.

 

This describes paying off (or discharging) a mortgage.

 

This is a preliminary document, setting out unconfirmed contractual arrangements.