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Jargon Buster

jargon

Understand property related jargon.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Deeds

Legal title documents proving ownership. The deeds will be held by the mortgage lender.

Deposit

A sum of money paid by the buyer on exchange of contracts.

Development

A newly built residence or an older property which has been refurbished and modernised.

Dilapidations

Any disrepair or damage to a rented property.

Disbursements

Fees paid by the buyer's solicitor on the buyer's behalf such as stamp duty, land registry and search fees.

Discharge

Paying off a mortgage.

Draft Contract

Preliminary, unconfirmed version of the contract.

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