Deeds: Legal title documents that prove ownership of a property.Often these deeds will be held by the mortgage lender if a mortgage is lodged against the property..
Deposit: On exchange of contracts a sum of money is paid by the buyer to the solicitors which is usually between 5%and 10%of the overall property value..
Detached: A term used to describe a property that stands alone and is separated from all other properties..
Development: Either a newly built residence or a refurbished and modernised older property..
Dilapidations: Any damage or disrepair to a property..
Disbursements: These are fees that are paid by the buyer ’s solicitor on the buyer ’s behalf such as land registry,stamp duty and search fees..
Draft Contract: An unconfirmed and preliminary version of the contract..