Moving home can be stressful and worrying. We do not want the legal process and the wording we use to make the situation worse so we strive to keep legal jargon to a minimum. We appreciate you will come across terms you may not understand so we have tried to explain these as clearly as possible in the definitions below, so that you fully understand the process you are going through.
If you need further explanation then please do contact us.
A summary or list of relevant title deeds proving the history of ownership of a property, where a property is not yet registered at the Land Registry (“unregistered”).
A road (and footpaths and sometimes verges alongside) maintained by a Local Authority at public expense over which the public has a right of way.
The original amount of the loan (mortgage) from a Bank or Building Society.
Commonly referred to as ‘Squatter’s Rights’. The situation where land is claimed by way of exclusive use without the consent of the paper title owner for a minimum amount of time (usually 12 years). A formal application must be made to the Land Registry to acquire title.
Often referred to as a “Section 106 property”. The term covers various types of affordable housing schemes, including shared ownership, shared equity and low cost housing.
The formal document which transfers ownership of a property to the person(s) who has inherited that property.
The power for local communities to protect buildings and open spaces they value by asking their local council to list certain assets as being of value to the community. If an asset such as a shop, pub or other local facility is listed and then comes up for sale, communities that want it have 6 months to put together a bid to buy it.
A legal agreement between a Landlord and Tenant setting out the terms of the tenancy and which permits the landlord to secure possession of the property at the end of the agreed tenancy period.
A person specifically appointed by someone in a Power of Attorney to act in the appointee’s best interests to ensure a transaction proceeds without delay. The Attorney has power to sign documents and make binding decisions on behalf of the person making the appointment.
A search required by a mortgage lender to see if the borrower has been the subject of any bankruptcy proceedings.