DILAPIDATIONS
Tenancy dilapidations refer to the repair and maintenance obligations of a tenant under the terms of a lease. A lease is a legal agreement ...
DEPOSIT
A lump sum of money a buyer (mortgage deposit) or renter (tenancy deposit) pays to a property owner to secure the right to own ...
DEEDS
The legal documents establishing the ownership of a property. It will also show any mortgage against the property. See title deeds.
DECISION IN PRINCIPLE (DIP)
See ‘Agreement in Principle (AIP)’.
DEBENTURE
This is a type of secondary security sometimes used when Limited Companies borrow money. A Debenture places a charge on assets owned by the ...
CREDIT SCORE
Lenders use a scoring method based on points attributed to various pieces of information provided by an applicant and your credit profile held at ...
CREDIT SEARCH
This is a search of your credit file carried out by a lender to establish suitability for credit. When the lender does a credit ...
CREDIT REFERENCE AGENCY
Credit reference agencies (CRAs) are companies that collect and maintain information about an individual’s credit history. This information is used to produce credit reports, ...
COUNTY COURT JUDGEMENT (CCJ)
A county court judgement (CCJ) is a court order that requires an individual or business to pay a debt to a creditor. A CCJ ...
CONVEYANCER/CONVEYANCING
A conveyancer is a qualified professional who specialises in the legal aspects of buying and selling property. Conveyancers are responsible for handling the legal ...
CONTRACT
The legal contract for buying and selling a property in the UK is known as the contract of sale. This is a legally binding ...
CONDITIONS OF SALE
The conditions of sale are the terms and conditions that apply to the sale of a property. These terms may be set out in ...
COMPLETION STATEMENT
A completion statement for the sale of a property is a document that outlines the expenses that need to be paid in order to ...
COMPLETION
Completion is the final stage of the process of buying or selling a property. It is the point at which the buyer takes possession ...
CLOSED BRIDGING LOAN
When you know how you are going to pay back your bridging loan, and more importantly when, then a closed bridging loan is a ...
